Facebook To Buy Navigation App Waze For Up To $1 Billion [Rumor]

Cult of Mac
By Cult of AndroidMay 9, 2013, 7:01 am291 pts
Facebook is reportedly in advanced talks to acquire mobile navigation app Waze for between $800 million and $1 billion. Talks between the two companies began around six months ago, and a term sheet has already been signed, according to business daily Calcalist. Unlike traditional GPS navigation apps, Waze…

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