More foolishness from Rick Munarriz in The Motley Fool on how both Facebook and Apple are left dazed and confused over Google’s purchase of Waze.
Terms of the deal aren’t being made public, though it’s widely believed to be a little north of $1 billion. The potential bidding war that could’ve brewed failed to materialize. It’s a bit of a surprise that this all went down so quickly because Apple and Facebook had plenty to gain with Waze.
No details on how Facebook and Apple are left dazed and confused, of course. Apple could afford to buy Waze with pocket change from any recent quarter of profits.
Does anyone not believe that Apple could build a Waze for a few hundred million iPhone users for less than $1-billion?