Google (GOOG +2.51%) made headlines recently with its acquisition of Israeli mapping start-up Waze. The deal's received mixed reviews, especially due to the price tag, which is rumored to be north of $1 billion -- quite the payout for a company with little-to-no revenue. So what gives? Should Google shareholders be concerned, or did Google once again prove it's one of the smartest tech conglomerates around? Fool contributor Andrew Tonner weighs in the deal in the video below.
Was Waze a Good Deal for Google?
By Andrew Tonner – Jun 17, 2013 at 6:00PM
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Was Waze too expensive -- or worth its weight in gold?
About the Author
Andrew Tonner is a senior tech specialist for The Motley Fool. He is a graduate of The University of Arizona with a degree in Finance. Follow @andrewtonner