Over the weekend, we heard Google would be acquiring Waze to bolster its mapping and navigation efforts, and it looks like those rumors weren't far off the mark at all. Google and Waze have just announced the closing of an acquisition deal that will see the former swallowing up the latter. Terms of the deal weren't made public, of course, but rumor has it the two agreed on a figure of about $1.3 billion. That's a lot of moolah, but in today's world of on-the-go computing, maps and navigation has become one of the most important tools for smartphone owners. Apple saw the same and decided to launch its own mapping suite with Apple Maps.
Android Phone , Official: Google and Waze to live happily ever after as acquisition deal closes, Official: Google and Waze to live happily ever after as acquisition deal closes
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