An Apple buyout of Waze
isn't happening "now or anytime soon," sources now tell TechCrunch
. The news
rebuts earlier claims from multiple outlets, including one by TechCrunch
itself that suggested Waze was hoping for a $750 million pricetag. Apple, by contrast, is only said to have been willing to spend $400 million plus another $100 million in incentives.
The new report speculates that Apple and Waze may have talked about a deal, but only in the sense that major corporations regularly talk with smaller businesses about possible acquisitions. The two parties are already closely involved. Waze is supplying some data for iOS 6 Maps, while Apple promotes the official Waze iOS app as a Maps alternative at the App Store.