Mobile app maker Waze apparently won't be joining the ranks of Facebook.
After months of chatting about a potential acquisition of Waze by Facebook, the two companies have put an end to the discussion, according to AllThingsD. Facebook had reportedly been ready to spend as much as $1 billion to pick up the navigation app maker. But the two apparently couldn't reach an agreement.
Sources told AllThingsD that talks fell apart recently due in part to disagreements over whether the Israel-based Waze team would move to the U.S. and integrate itself into Facebook's California headquarters. Other … Read more