Facebook in “advanced talks” to acquire Waze – Reuters

Facebook in “advanced talks” to acquire Waze – Reuters

waze_720

Facebook is reportedly in advance stages of negotiations in an attempt to acquire social-based navigation service Waze. Details are light but it’s said that the deal could fall between $800M and $1B (with a ‘B’) dollars. The buyout talks are alleged to have started in January however the two also got quite cozy in October 2012 when Waze introduced a Facebook client.

Waze has been on quite a tear as of late, having grown its user base to 45 million with more than 1.5M downloading the app in March.

Reuters

About author

Scott Webster
Scott Webster 6692 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.