Facebook in Talks to Acquire Waze for $1 Billion?

Facebook in Talks to Acquire Waze for $1 Billion?

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Facebook is reportedly in advanced talks to acquire the Waze navigation app for $800 million to $1 billion, according to a Calcalist report relayed by Reuters.

Due diligence is underway after a term sheet was signed, Calcalist said, adding that talks began six months ago.

Waze has tripled its users to 45 million in the last year and added 1.5 million users in March alone. An app update last October let users share their drive with Facebook friends.

Earlier this year it was rumored that Apple was also interested in acquiring Waze and had placed an initial half billion dollar offer on the table.

You can download Waze from the App Store for free.

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Facebook in Talks to Acquire Waze for $1 Billion?Facebook in Talks to Acquire Waze for $1 Billion?Facebook in Talks to Acquire Waze for $1 Billion?

Facebook in Talks to Acquire Waze for $1 Billion?Facebook in Talks to Acquire Waze for $1 Billion?
Pankekuro - May 10, 2013 at 4:33am
Wow! Good on Waze. You deserve it. Congratulations!
JoshvanHulst - May 10, 2013 at 3:58am
I don't want Waze to be bought out! AHH!!
steve jobs - May 10, 2013 at 12:25am
please facebook, don't let apple make an apple pie of waze, it will be the end of it, and we will have to pay for waze, hurry up and seal the deal.
Camfella - May 9, 2013 at 5:03pm
It's another step towards their goal of developing their own operating system.
Juju - May 9, 2013 at 2:56pm
What is in it for Facebook, sell more ads?
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