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In our earlier edition of Weekly Roundup, we had mentioned about Facebook’s keenness in buying out Waze. But, it seems that Google has gone overboard since last week to takeover Waze. According to reports, Google will outbid Facebook’s $1bn offer.
Waze is a location-based application that uses satellite signals from its member’s smartphones to generate maps and traffic data, which then offers real time traffic info when shared with other members.
<2. JustDial fixes Issue Price at Rs 530 after Hectic IPO bookinga href=”https://inc42.com/magazine/wp-content/uploads/2013/06/BL18JUST_1461196f.jpg”>
JustDial Ltd, which runs the India-specific local business listings site Justdial.com, has fixed Rs 530 as the issue price in its recently completed initial public offering (IPO). The issue received an enthusiastic response and was oversubscribed over 10 times. Although subscriptions were initially led by institutional and retail investors, high networth individuals (HNIs) and corporates also emerged as some of the largest buyers. At the issue price, the company would command a market valuation of Rs 3,703 crore ($655 million).