[Engadget] Facebook rumored to be buying GPS app Waze for up to $1 billion~Reviews~Evaluation

Engadget post time: May 09, 2013 at 03:43PM

Facebook rumored to be eyeing up GPS app Waze for up to $1 billion

Between buying Instagram and calling Facebook Home the “next version” of his social network, it’s fairly clear Mark Zuckerberg’s obsessed with the prime real estate on your smartphone. Israeli newspaper Calcalist is reporting that Zuckerberg and Co. are eyeing up crowdsourced GPS app Waze, which generates mapping data by pulling it from its users devices in real time. The paper says that Facebook entered into discussions around six months ago, with prices in the $800 million to $1 billion range being mentioned — and while that sounds like a big number, it’s still only a dollar per user.

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Via: Reuters

Source: Calcalist (Translated)

Reference source: Engadget

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