Google says that it paid $966 million to buy online mapping service Waze, six weeks after closing the deal.
The Internet search leader spelled out the purchase price in regulatory documents filed Thursday. Google Inc. withheld the price last month when it announced the acquisition of the Israel-based startup. The Associated Press and other media outlets had previously pegged the purchase price at $1 billion, based on information from people familiar with the negotiations who didn’t want to be named.
Waze has developed a map app for mobile phones. It solicits input from users to improve directions and display traffic and road-hazards. The app is expected to help Google fend off mapping competition from Apple.
Google also bought seven other smaller companies for a total of $53 million during the three months in June. That calculation is based on information that Google disclosed in Thursday’s document as well as a quarterly report filed in April.
(The Associated Press contributed to this report)
