Facebook is no longer in talks to acquire Waze, the developer of a turn-by-turn navigation app with crowdsourced elements, according to All Things D . Though Waze was reported to be looking for $1 billion or greater, price apparently wasn't the main issue. All Things D reports that discussions fell apart over whether the company's Israel-based team would move to Facebook’s California headquarters, though there were other unnamed problems as well. While discussions may have ultimately broken down, Facebook was previously said to be in "serious" talks to make the purchase happen.
Waze has been the subject of several recent acquisition rumors, with possible suitors including both Apple and Google as well. Though it looked like an...
via The Verge - All Posts http://www.theverge.com/2013/5/29/4375818/facebook-waze-acquisition-talks-end-reportedly
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