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NewsPoster
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Jan 3, 2013 10:23 AM
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Sources now saying no plans for Apple buyout of Waze
An <a href="http://macnn.com/rd/276592==http://www.ipodnn.com/articles/13/01/03/buyout.talks.said.to.be.advanced/" rel='nofollow'>Apple buyout of Waze</a> isn't happening "now or anytime soon," sources now tell <em>TechCrunch</em>. The <a href="http://macnn.com/rd/276593==http://techcrunch.com/2013/01/03/apple-not-buying-waze/" rel='nofollow'>news</a> rebuts earlier claims from multiple outlets, including one by <em>TechCrunch</em> 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.<br><br>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.
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