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 the Israel-based startup. 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 ending 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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