Google to merge mapping service Waze with maps products teams | CNN Business

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Google will integrate Waze, which it acquired in 2013 for $1 billion, into Google Geo, its portfolio of real-world mapping products that include Google Maps, Google Earth, and Street View, a Google spokesperson said.

The Alphabet Inc-owned company will integrate Waze, which it acquired in 2013 for $1 billion, into Google Geo, its portfolio of real-world mapping products that include Google Maps, Google Earth, and Street View, a Google spokesperson said. Waze CEO Neha Parikh will exit the company following a transition period, Google said, adding that Waze will continue to be a standalone app, with about 151 million monthly active users worldwide.

“By bringing the Waze team into Geo’s portfolio of real-world mapping products, the teams will benefit from further increased technical collaboration,” the spokesperson said. In a letter dated July 12, Alphabet CEO Sundar Pichai said the company would streamline processes and consolidate investments where they overlap.

 

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