In a blog post today published on LinkedIn from CEO and co-founder of mapping company Waze, we learn what we didn’t know at the time of Google’s purchase of the company back in June. While industry estimates at the time put the value of the deal somewhere in the neighborhood of $1.1 to $1.3 billion, today Noam Bardin confirmed that the final purchase price was $1.15 billion.
Not only did Bardin reveal the exact price paid— although there was no mention of whether that number is in cash or otherwise— he also seemingly mentions that the deal was made due to pressure from investors:
One of Waze’s mistakes was the valuation of its A round which significantly diluted the founders. Perhaps, had we held control of the company, as the Founders of Facebook, Google, Oracle or Microsoft had, Waze might still be an independent company today.
You can read Bardin’s full blog post here, which has more details about the deal and what was going on at Waze leading up to the acquisition.
FTC: We use income earning auto affiliate links. More.