Google finally announced that they have acquired Waze, the popular crowd-sourced navigation app based in Israel. There were reports that earlier this week about the acquisition for $1.3 billion. These companies did not reveal the price on the deal, but TechCrunch reports that the detal was done for $1.1 billion. Waze has over 50 million users globally and offers real-time traffic and road info submitted by these users. Continue reading “Google acquires Social Navigation app Waze”