The following video is from Monday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Andy Cross dissect the hardest-hitting investing stories of the day.
Waze is a leading provider of maps and traffic data. Last month Facebook was reportedly close to buying Waze for $1 billion, but that was then, and this is now. Yesterday it broke that Google is reportedly close to buying Waze for $1.1 billion to $1.3 billion. In the lead story from today's Investor Beat, Jason and Andy analyze what the deal means for Google, why Waze makes much more sense for Google than Groupon, and how it affects shares of Google's stock.
Andy Cross owns shares of Chipotle Mexican Grill. Chris Hill owns shares of Chipotle Mexican Grill. Jason Moser owns shares of Chipotle Mexican Grill. The Motley Fool recommends Apple, Chipotle Mexican Grill, Facebook, Google, lululemon athletica, McDonald's, and Ulta Salon. The Motley Fool owns shares of Apple, Chipotle Mexican Grill, Facebook, Google, McDonald's, and Ulta Salon. 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.