Facebook in talks to buy Israel’s Waze for up to $1 billion: report

TEL AVIV (Reuters) – Facebook Inc is in advanced talks to obtain Israeli cell satellite tv for pc navigation start-up Waze for $800 million to $1 billion, business day-to-day Calcalist stated on Thursday. The deal, which might be Fb's biggest acquisition, would provide the social networking company a mapping service and permit it to raised compete with Google Inc and Apple Inc. Maps and navigation products and services have transform a key asset for technology firms as shoppers an increasing number of undertake smartphones and different cell devices. …