Apple reportedly not looking to buy Waze after all

Apple Waze Acquisition

Despite earlier rumors that claimed a deal was in the works, CNET and TechCrunch are both reporting that Apple (AAPL) has no plans to acquire Waze. It was previously reported that Apple was considering a buyout of the social navigation startup in an effort to improve its widely-panned Maps application. A second report suggested that negotiations between the two companies were further along than once thought and that Waze was seeking a hefty $750 million payout from Apple. According to MG Siegler of TechCrunch, however, “there is no deal happening, at least not now or anytime soon.”

Source:
CNET, TechCrunch
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