Posted by: youngragingbull | May 29, 2013

Facebook takeover of Waze fails: report

Facebook Inc.’s bid to acquire Waze has ended, according to a report by AllThingsD, which reported the bid initially.

After months of negotiations, Facebook’s is no longer pushing to buy the Israel-based social mapping and navigations company, the report said citing unnamed sources.

The talks broke over disagreement on whether the Waze team should move from Israel to Menlo Park, Calif. where Facebook is based.

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