Reports: Facebook Is Purchasing Social Mapping/Traffic Application Waze For approximately $1B To Courtroom Mobile phone Users

Facebook seems to be near to makinganother billion-dollar purchase to once more ramp up its mobile phone efforts: in accordance to 3 reviews in the Israeli press at Calcalist and sister distribution Ynet andThe Marker (all in Hebrew), Facebook has contacted Waze, the interpersonal mapping and visitors app machine, and is now in superior due dilligence on a offer that Calcalist places at between $800 million and $1 billion. The discussions between social networking and crowdsourced mapping application evidently started 6 months ago.

We’ve been searching as well and have taken care of verification from a resource which both sides have independently verified that this deal is going on, and that the prices reported 1st by the Calcalist is accurate. The primary issue at this time, the origin said, is actually to maintain Waze in Israel or carry it to the U.S., as Facebook did with 2 earlier Israel acqusitions. All those had been of function phone user interface programmer Snaptu and face reputation specialistFace.com Read more [+]