Report: Apple Looking to Buy Waze Map Service

Waze

Apple is said to be working on a deal to purchase Waze, an online mapping service. If rumors are accurate, the Cupertino company is offering more than $500 million, but Waze is reportedly looking for a $750 million acquisition.

This could be a big deal for Apple. It’s no secret that Apple Maps is early in development, and that it needs work before it becomes something we feel can actually be relied on for directions. Waze has managed to make a name for itself in the mobile mapping apps market.

According to TechCrunch, which originally reported the news, Waze is a data partner for Apple Maps. However, neither of the companies chose to comment on the matter. It seems legit so far. The negotiations are probably happening, but we will see if they go anywhere.

[Via TechCrunch]

About 8bitjay

Google + Profile