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Google reportedly eyes $1 billion-plus Waze buy, but Facebook may be blocking bids

Published May 24th, 2013 8:00AM EDT
Google Waze Acquisition

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Interest in social mapping and navigation provider Waze is reportedly heating up, with Google and several other “large tech companies” currently holding talks with the Israel-based company. Bloomberg on Friday reported that Google is considering a bid that exceeds Facebook’s earlier offer, which reportedly fell between $800 million and $1 billion. Earlier rumors suggested Facebook and Waze’s negotiations had stalled due to a disagreement over whether or not Waze’s Israeli research and development center would remain open. According to a follow-up from Israel-based newspaper Calcalist, which first broke the story that Facebook was in talks to acquire Waze, Google may face some trouble if it’s serious about a possible deal — Facebook and Waze have reportedly just signed an agreement that prevents Waze from negotiating with other companies for the time being.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.

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