Facebook makes $1 billion bid for Waze mobile-mapping app

Home > Business > Industry

print dictionary print

Facebook makes $1 billion bid for Waze mobile-mapping app

Facebook, the world’s most popular social-networking service, is in talks to acquire mobile-mapping application provider Waze for as much as $1 billion, according to two sources familiar with the matter. The talks to acquire Palo Alto, California-based Waze are not final, and a deal may not happen, said the sources.

Facebook is adding features for users who are increasingly turning to smartphones and tablets to access the social-networking sites.

At $1 billion, an acquisition of Waze would be Facebook’s largest-ever deal after it spent more than $700 million to buy mobile photo-sharing service Instagram last year.


More in Industry

No dial tone for 2G services on LG U+ starting in June

Ironing out an air corridor took decades

Kia reinvents itself, promising 'movement that inspires'

Hanwha Energy teams up with France's Total in U.S.

Scatter Lab investigated, but not for odd messages

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now