Deals
Google’s Waze Deal Said to Give BlueRun a 19-Fold Return
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Google Inc.’s $1.1 billion acquisition of Waze Inc. produced a 19-fold return for BlueRun Ventures, the biggest investor in the mobile-mapping company, a person familiar with the matter said.
Led by John Malloy, BlueRun had a stake of 15 percent in Waze that was worth more than $165 million at the time of sale, said the person, who asked not to be identified because the information isn’t public. The firm invested a total of $8.7 million in Waze, starting in 2008, Malloy said.