Google made headlines recently with its acquisition of Israeli mapping start-up Waze. The deal's received mixed reviews, especially due to the price tag, which is rumored to be north of $1 billion -- quite the payout for a company with little-to-no revenue. So what gives? Should Google shareholders be concerned, or did Google once again prove it's one of the smartest tech conglomerates around? Fool contributor Andrew Tonner weighs in the deal in the video below.
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The article Was Waze a Good Deal for Google? originally appeared on Fool.com.Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter: @AndrewTonner. The Motley Fool recommends Apple, Facebook, and Google. The Motley Fool owns shares of Apple, Facebook, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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