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.
