Rumors that Facebook is deep into the process of purchasing Waze — maker of a mobile satellite navigation app that leverages crowdsourced mapping and traffic tips — are making the rounds. Facebook has apparently signed the terms and is conducting due diligence after six months of negotiations, according to published reports. The social networking giant is apparently willing to fork out between $800 million and $1 billion for the Israeli startup.
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Facebook's Road Trip May Include a Stop to Buy Waze
Posted by: Richard Adhikari May 10, 2013 06:00 AMRumors that Facebook is deep into the process of purchasing Waze — maker of a mobile satellite navigation app that leverages crowdsourced mapping and traffic tips — are making the rounds. Facebook has apparently signed the terms and is conducting due diligence after six months of negotiations, according to published reports. The social networking giant is apparently willing to fork out between $800 million and $1 billion for the Israeli startup.