Skip to main content

Waze CEO says Google paid $1.15B for the company


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.

(via TNW)

FTC: We use income earning auto affiliate links. More.

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel



Avatar for Jordan Kahn Jordan Kahn

Jordan writes about all things Apple as Senior Editor of 9to5Mac, & contributes to 9to5Google, 9to5Toys, & He also co-authors 9to5Mac’s weekly Logic Pros series and makes music as one half of Toronto-based Makamachine.