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 (NASDAQ:FB) was rumored to be close to buying Waze for $1 billion, but that was then, and this is now. Today Google (NASDAQ:GOOGL) 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.
Andy Cross has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Facebook and Google. The Motley Fool owns shares of 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.