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Google Spent $966 Million on Waze

In a regulatory filing, Google (NASDAQ: GOOG) revealed that it spent $966 million on its WAZE acquisition.

In the filing, it said,

“In June 2013, we completed our acquisition of Waze Limited (Waze), a provider of a mobile map application which provides turn-by-turn navigation and real-time traffic updates powered by incidents and route information submitted by a community of users, for a total cash consideration of $966 million. The acquisition is expected to enhance our customer’s user experience by offering real time traffic information to users’ daily navigation needs.”

For more on the Waze acquisition, read our coverage here.

But Waze wasn’t the only acquisition in the first half of 2013. The company made 15 other acquisitions including Makani Power, Behavio, and Wavii, according to CNET. In total, the company spent $1.31 billion to acquire the 16 companies.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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