Google is getting even more serious about mapping lately, if that is even possible. So serious in fact, that they have reportedly shelled out somewhere just north of $1 billion to acquire Waze, a company that is relatively unknown (compared to other $1 billion purchases like Tumblr by Yahoo!). Even TechCrunch reports on the purchase with the following headline
Good question. The reports have been swirling for about a week and Waze was being courted by all the big boys including Apple and Facebook. Google, however, won out with money and this from its CEO Noam Bardin which was posted on the Waze blog after the big win.