Google 'excited' about enhancing Google Maps with Waze data

The rumors were true -- Google has announced that it's closed its acquisition of Waze, the collaborative navigation and traffic app. In a post on its official blog, the company confirmed the buy-out, saying that it was "excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze." The search giant also said it wants to bring the power of Google Search to the existing Waze app, which allows users to work together to find the best routes.

The Waze team, Google says, will continue to operate separately from the Maps team out of its Israel HQ. Google also promised to work closely with the Waze community and allow it to "grow and prosper."

More: Google Blog