Posted by: youngragingbull | May 9, 2013

Facebook eyes Waze in $1B deal: report

Facebook Inc. is in advanced talks to acquire Israeli traffic and navigation mobile app Waze for $800 million to $1 billion, according to Israeli publication Calcalist on Thursday.

The report said due diligence is underway, after the two companies signed a term sheet.

Talks of a takeover began six months, according to the report.

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