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 (META 0.43%) was rumored to be close to buying Waze for $1 billion, but that was then, and this is now. Today Google (GOOGL 10.22%) is reportedly close to buying Waze for $1.1 billion to $1.3 billion. In the lead story from yesterday's Investor Beat, Motley Fool analysts Jason Moser and Andy Cross 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.
The relevant video segment can be found between 0:16 and 2:59.
