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Facebook’s billion-dollar Waze deal reportedly hits a serious snag

Facebook Waze Acquisition Problems

Facebook’s bid to buy social navigation company Waze has seemingly hit a serious snag that has stalled the deal for the time being. Calcalist, the Israeli newspaper that first broke news of Facebook’s plans to acquire Waze, has followed up its original report with news that the two companies are having problems coming to terms in a few key areas.

The biggest issue appears to be Facebook’s desire to shutter Waze’s Israel-base research and development center and transfer several key Waze employees to Facebook’s U.S. headquarters. According to the paper’s sources, Waze CEO Noam Bardin and company founders Ehud Shabtai, Uri Levine and Amir Shinar insist that the firm’s main R&D center should remain operational and they want to keep all of their employees in Israel.

Talks surrounding the issue have reportedly been going on for weeks, but no agreement has been reached at this point.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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