Sunday, 28 July 2013

Google discloses it paid $966 million for Waze

Google says that it paid $966 million to
buy online mapping service Waze, six
weeks after closing the deal.
The Internet search leader spelled out
the purchase price in regulatory
documents filed Thursday. Google Inc.
withheld the price last month when it
announced the acquisition of Waze . The
Associated Press and other media
outlets had previously pegged the
purchase price at $1 billion, based on
information from people familiar with
the negotiations who didn't want to be
named.
Google also bought seven other smaller
companies for a total of $53 million
during the three months in June. That
calculation is based on information
that Google disclosed in Thursday's
document as well as a quarterly report
filed in April.

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