Facebook in talks to buy Waze for $1B - Israel Business, Ynetnews
Israeli business daily Calcalist has revealed that Facebook is in talks to acquire Israeli startup company Waze for an estimated $800 million to $1 billion. The deal is currently in advanced stages and due diligence is underway after the term sheet was signed.
Negotiations in fact began six months ago. On January, reports alleged that the developer of the Waze free mobile navigation application was in talks with Apple, which the American technology giant denied.
Dear Facebook, there are amounts other than $1bn that can be used to buy startups.
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