Apple (AAPL) Not in Talks to Acquire Social-Navigation Company Waze
Tweet Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $423.00 -2.03%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
Trade AAPL Now!
Apple (Nasdaq: AAPL) will be looking for a maps partner somewhere else besides Waze.
According to CNET today, Apple has not made any indication of acquiring the social-navigation company and discussions are not being held between the two.
Reports earlier had Apple potentially ready to shell out $500 million, $400 in cash and $100 in earn-outs based on performance. Waze was expecting something like $750 million in a potential deal, TechCrunch noted.
News comes as Google (Nasdaq: GOOG) recently launched Google Maps for iOS 6 and it quickly became the top app in Apple's AppStore. Many were expecting the acquisition to bolster Apple's map-making prowess.
Apple is down 0.4 percent Thursday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to CNET today, Apple has not made any indication of acquiring the social-navigation company and discussions are not being held between the two.
Reports earlier had Apple potentially ready to shell out $500 million, $400 in cash and $100 in earn-outs based on performance. Waze was expecting something like $750 million in a potential deal, TechCrunch noted.
News comes as Google (Nasdaq: GOOG) recently launched Google Maps for iOS 6 and it quickly became the top app in Apple's AppStore. Many were expecting the acquisition to bolster Apple's map-making prowess.
Apple is down 0.4 percent Thursday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Microsoft (MSFT) and Nokia (NOK) Talks Recently Broke Down Over Device Unit
- Tesla (TSLA) Ramps Higher (GM)
- UPDATE: MannKind Corp. (MNKD) Crashes
Create E-mail Alert Related Categories
Rumors, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
