No Deal in Sight for Apple to Acquire Waze

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 3, 2013.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
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    Yesterday, TechCrunch reported that Apple was interested in purchasing Waze, the social turn-by-turn navigation company. According to the report, Apple was offering approximately $400 million plus an additional $100 million in incentives, but Waze was holding out for closer to $750 million.

    TechCrunch's MG Siegler now reports that there is no deal in sight.
    Siegler goes to note that Apple and Waze have in fact probably had low-level conversations about a closer partnership given that the two companies are already working together on Apple's mapping products, but he says that the talks are so far nothing more than the typical interactions seen between partner companies on a daily basis.

    Article Link: No Deal in Sight for Apple to Acquire Waze
     
  2. macrumors G5

    Joined:
    Jun 22, 2009
    #2
    In before someone says "WAZE is stupid. They should have sold out"
     
  3. macrumors 68020

    gmanist1000

    Joined:
    Sep 22, 2009
    #3
    If they're that desperate, they'll pay the $750 million.
     
  4. macrumors 603

    nfl46

    Joined:
    Oct 5, 2008
    #4
    I wonder how long its going to take Apple to get their maps on par. I guess we'll see "Maps 2" during the iOS 7 preview, with new features.
     
  5. macrumors 6502a

    Joined:
    Jul 1, 2010
    #5
    WAZE is stupid. They should have sold out
     
  6. macrumors 68000

    SPUY767

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    GA
    #6
    Honestly though, do they think this is 1999?
     
  7. macrumors 68040

    D.T.

    Joined:
    Sep 15, 2011
    Location:
    Vilano Beach, FL
    #7
    I wouldn't be surprised if this acquisition rumor came from someone at the Apple HQ saying to another employee , "Hey, have you ever used Waze?"
     
  8. macrumors 6502a

    Joined:
    Oct 22, 2011
    #8
    They could pay $750 million and buy Waze

    ...OR BUY GOOGLE and use their Maps?!
     
  9. macrumors newbie

    Joined:
    May 8, 2010
    #9
    Waze my yet "sell out" but their map is well reviewed and very popular and they know it. Why should they take what Apple offered when they are the "hot map app" at this point?

    In the end, they'll likely get more than the $400m rumored price. Upwards of $600m isn't outside the bounds of reason. Apple is rather desperate to shore up their map program and we all know how much cash Apple has on hand (and overseas)=tens of billions of $$.
     
  10. macrumors regular

    Joined:
    May 8, 2012
    #10
    I doubt they could buy Google ... not even if it were for sale.
     
  11. macrumors 68040

    KdParker

    Joined:
    Oct 1, 2010
    #11
    If they are working with WAZE anyway, not need to buy them in short term.
     
  12. macrumors G5

    Joined:
    Jun 22, 2009
    #12
    Or they won't sell. DropBox didn't.

    Some companies enjoy being independent. The people that work there aren't looking to be absorbed by another big company. There are many factors to be considered.

    When/if they sell, however - both parties will negotiate. So no party here is/was "stupid" for walking away at this point.
     
  13. macrumors 6502a

    Joined:
    Jul 12, 2010
  14. macrumors 601

    Joined:
    Jul 11, 2008
    #14
    Waze needs to do something about that stupid logo.
     
  15. macrumors 68030

    basesloaded190

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    Location:
    Wisconsin
    #15
    Man I wish there was still a downvote button.

    Why on earth would you think that would be a good or even possible idea??
     
  16. macrumors regular

    Joined:
    Nov 11, 2012
    #16
    Wonder how Microsoft feels about this, being a large investor and all
     
  17. macrumors regular

    Joined:
    Nov 5, 2009
    #17
    Buy Google for 750 milions dollars?

    Are you sure that Google costs only that? :)
     
  18. macrumors regular

    Joined:
    May 20, 2006
    #18
    Not quite. Google has a market value of about $250 billion and Apple only has about $150 billion in cash.... of course that is a comparison of total market value to how much cash on hand a company has, so its pretty impressive.

    ----------

    Its being updated every day. Just recently I noticed a bunch of new POIs in Charlotte, NC.

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    You have to admire people that can say no to quitting work and taking a billion dollars, so they can continue to get up and go to work every day. I would not be one of them. I'd much rather spend time with my family then hitting the office every day no matter what I was doing, especially if money was no longer a concern.

    As an avid Apple fan though, I do wish both Dropbox and Waze would sell out! I think there is a huge benefit in buying Waze (for Apple) as it goes a long way towards looking like they are serious about fixing their maps reputation. Notice I said maps reputation not just maps. For 90% of us it works just fine. Apple may fix a hundred data points a day, but most will go un-noticed by the vast majority of us simply because we don't live in that area. Making big acquisitions makes a big public statement.
     
  19. macrumors G5

    Joined:
    Jun 22, 2009
    #19
    A billion wasn't on the table. Nor would one person get that 1 billion anyway. I agree that it would be very nice to not (have to) work - but some people enjoy those challenges and growing a company.

    That being said - why can't you just enjoy waze and dropbox "as is" - why do you wish they would sell out. What difference is it really. Both companies have great products.
     
  20. macrumors 6502

    Joined:
    Jun 5, 2011
    #20
    Ahh, the good old rumour (yes, I'm British) mill.


    Monday: Tim Cook nips into Starbucks

    Tuesday: "Apple in advanced talks to purchase Starbucks!"
     
  21. macrumors 65816

    skellener

    Joined:
    Jun 23, 2003
    Location:
    So. Cal.
    #21
    How is something like Waze worth even close to $400 million???
     
  22. macrumors G5

    Joined:
    Jun 22, 2009
    #22
    Seriously?
     
  23. macrumors 603

    Joined:
    Jun 19, 2009
    #23
    apple needs them, they have lots of data and good technology. they can always go to google, tomtom, nokia, microsoft just to spite apple
     
  24. macrumors 6502a

    Joined:
    Oct 22, 2011
    #24
    Haha not 750 obviously.

    ----------

    Sigh. They really need a sarcasm sign.

    I was not being serious.
     
  25. macrumors 6502a

    Joined:
    Jan 24, 2010
    #25
    Apple needs to review and update Apple maps. A couple of days after iOS 6 came out I went around my local area on Apple maps, put in missing locations, made error reports etc and still they haven't been amended.
     

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