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

Zach Epstein
May 24th, 2013 at 8:00 AM
Google Waze Acquisition

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 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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