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Facebook appears to be close to making another billion-dollar acquisition to once again ramp up its mobile efforts: according to three reports in the Israeli press at Calcalist and sister publication Ynet and The Marker (all in Hebrew), Facebook has approached Waze, the social mapping and traffic app maker, and is now in advanced due dilligence on a deal that Calcalist puts at between $800 million and $1 billion. The negotiations between the social network and crowdsourced mapping app apparently began six months ago.Report: Facebook Buying Social Mapping/Traffic App Waze For Up To $1 billion [techcrunch.com]
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]