Waze

Bloomberg reports that Google is considering making an acquisition offer for mapping company Waze. Numerous reports over the past few weeks have claimed that Facebook is also eyeing an acquisition of the maps firm.

Google Inc. (GOOG), maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said. Waze is fielding expressions of interest from multiple parties and is seeking more than $1 billion, said one of the people, who asked not to be identified because the talks are private. The Palo Alto, California-based startup might also remain independent, instead seeking to raise a round of venture capital financing, the people said.

Waze’s price-tag is current said to be around $1 billion.

Google’s potential bid would likely create a bidding war with the Menlo Park-based social network. Bloomberg reiterates that Apple is not in discussions with Waze. Rumors from earlier this year claimed that Apple was eyeing an acquisition, but many of those claims were immediately debunked. 

Expand
Expanding
Close

Google is sponsoring an upcoming hackathon by Hattery Labs that is awarding two grand prizes to innovators using Google Maps API.

The “Reroute/sf” hackathon runs from Oct. 19 to Oct. 21 at The Hattery, according to its Facebook page, and it aims to “improve transportation in San Francisco with technological innovation, and work with the City to make it real.” The three-day event essentially invites engineers, designers, and entrepreneurs to “make San Francisco a better place.”

The hackathon will host three challenges, i.e., “Collect the right data,” “Plan a trip anywhere – on-time,” “See what’s broken and watch it get fixed,” while senior representatives from the City of San Francisco and the technology community will determine who wins the following four prizes:

• Best Innovation using Google Maps API | $7,500 Grant
• Runner-up Innovation using Google Maps API | $2,500 Grant
• Best Public Transit Innovation | $500 Clipper Card credit
• Best Collaboration | 3 free General Assembly classes per team member

Aside from Google, the Hattery, the San Francisco Mayor’s Office, San Francisco Municipal Transportation Agency, Waze, Google Maps, and the General Assembly sponsor the hackathon. The Hattery is a collection of experts ranging from designers and engineers to investors and brand marketers, and some of their most notable collaborative work under Hattery Labs includes giving people clean water and helping Haitians rebuild schools through WellDone and Haiti School Project, respectively.

Registration details below.

Expand
Expanding
Close