Facebook in advanced negotiations to buy Israeli start-up Waze for $1 billion
The main sticking point is the navigation company's demand to remain in Israel; Facebook has yet to open a development center in Israel.
Facebook is currently in advanced negotiations to buy the Israeli navigation company Waze. The total purchase price is said to be roughly $1 billion, significantly higher than the $200 million to $300 million Facebook is believed to have offered Waze only six months ago.
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