It was not too long ago when we reported that sources close to Google did mention that the Internet search giant is working on a deal to bring Waze underneath their stable of companies, and while there was no official confirmation just yet, here we are with word that both Google and the Israeli navigation app startup Waze have agreed in principle to the sale as well as majority of the terms laid out before them, including a price tag that would surpass the $1 billion cash mark. Phew. That's a mountain of money if you ever saw one.
Ubergizmo , Waze Purchase By Google Confirmed In Principle, Waze Purchase By Google Confirmed In Principle
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