Facebook (FB) Could Gain Instant Access to Maps with Next Acquisition
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Facebook (Nasdaq: FB) might be looking to "map" out its future with a new acquisition.
According to reports, Facebook is in discussions with mobile-driving application Waze, potentially leading to $1 billion or more acquisition.
Waze is a crowd-sourced driving app with more than 50 million users globally. The app offers driving directions based on input from members. It is helpful for avoiding traffic tie-ups and also functions as a social network, with users able to send each other messages. It has offices in Palo Alto, CA, and Israel.
Facebook is up modestly, but well off of session highs.
According to reports, Facebook is in discussions with mobile-driving application Waze, potentially leading to $1 billion or more acquisition.
Waze is a crowd-sourced driving app with more than 50 million users globally. The app offers driving directions based on input from members. It is helpful for avoiding traffic tie-ups and also functions as a social network, with users able to send each other messages. It has offices in Palo Alto, CA, and Israel.
Facebook is up modestly, but well off of session highs.
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