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Facebook Giving Up On Waze?

Leaving the door wide open for Google, Facebook is reportedly ditching efforts to buy social mapping service Waze. “The two companies [Facebook and Waze] had been in discussion for a potential acquisition, with a price tag that could have reached up to $1 billion,” AllThingsD reports. “But the talks dissolved in recent days, according to sources.” Google is also reportedly eying a Waze deal.

Read the whole story at AllThingsD »

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