Talking tech since 2003

We recently reported that Facebook was in talks with Waze over the past few months to acquire the company for around $1 billion, and we also recently learned that Google and others had stepped in with their own offers.  Which led many to believe that a bidding war for Waze was just about to start.  However, now it seems that the Facebook and Waze acquisition talks have come to a halt.

The talks of an acquisition fell through in recent days according to All Things D sources. According to the sources, the problem in large part is about conflicts over whether or not the Waze team — which is predominantly based in Israel — would move over to the United States and join Facebook’s Menlo Park, Calif., headquarters.

Facebook doesn’t currently offer a mapping solution of its own and being that the Waze traffic app is inherently social, it seemed like a Facebook acquisition of Waze would make sense.  One commenter over at VentureBeat pointed out that Google has an R&D office in Israel, which may be more appealing to Waze if it meant they didn’t have to move.

Waze has $67 million in funding and 45 million users, and is one of the most successful startups to be founded in Israel.


Comments

Sign in or become a BestTechie member to join the conversation.
Just enter your email below to get a log in link.

Subscribe to BestTechie Plus

You've successfully subscribed to BestTechie
Welcome back! You've successfully signed in.
Great! You've successfully signed up.
Your link has expired
Success! Your account is fully activated, you now have access to all content.