engine - 4:42 pm on May 29, 2013 (gmt 0)
According to reports, Facebook's bid may be over.
After months of negotiations, Facebook is no longer in talks to acquire Waze, the Israel-based social mapping and navigation startup, according to sources familiar with the matter.
The two companies had been in discussion for a potential acquisition, with a price tag that could have reached up to $1 billion.
But the talks dissolved in recent days, according to sources, due in part to conflicts over whether or not the Waze team — which is predominantly based in Israel — would move over to the United States and fold itself into Facebook’s Menlo Park, Calif., headquarters, among other reasons.Report: Facebook Acquisition Talks With Waze Fall Apart [allthingsd.com]