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Facebook Close To $1B Waze Acquisition

Facebook is close to buying social driving app Waze for around $1 billion, according to Israeli news site Calcalist, along with other publications. “Waze’s smartphone apps offer free GPS functionality for drivers, but they’re also buoyed by plenty of social data,” writes VentureBeat. “The company now has around 45 million users, and it was previously at the heart of acquisition rumors involving Apple and Microsoft.”

 

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