Facebook may buy mapping site Waze as it seeks to know more about users
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Facebook's interest in Waze is enough to signal to the outside that interest in tech services, such as Waze's mapping, is more than just a passing fancy.
Facebook Inc., owner of the world’s most popular social-networking service, is in talks to acquire mobile-mapping application provider Waze Inc. for as much as $1 billion, two people familiar with the matter said.
The talks to acquire Palo Alto, California-based Waze are not final and a deal may not happen, said the people, who asked not be identified because the talks are not completed.
