Facebook reportedly no longer in talks to acquire Waze

Facebook Waze Acquisition Negotiations

It had been reported that Facebook was looking to acquire social navigation company Waze for between $800 million and $1 billion. The talks were said to have hit a major roadblock in recent weeks, however, as Facebook was reportedly interested in shutting down Waze’s research and development center in Israel and transferring employees to the United States. According to AllThingsD, the talks have dissolved in recent days and the billion-dollar deal may no longer be on the table. The latest report reiterates earlier claims that Waze was uncomfortable having its employees transferred to work at Facebook’s headquarters in the United States. A deal with Waze would help Facebook continue its push into mobile, while complementing its already popular photo and messaging applications.

Source:
AllThingsD
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