Business

Google discloses it paid $966 million for Waze

Posted July 26, 2013 6:35 am

Associated Press

SAN FRANCISCO — 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 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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