REPORT: Facebook-Waze Talks Are Off

Facebook is no longer in talks to acquire Israel-based satellite-navigation startup Waze, according to a report in AllThingsD, and Waze’s desire to keep its team intact in Israel and not shutter its development center there represented a major obstacle.

Facebook is no longer in talks to acquire Israel-based satellite-navigation startup Waze, according to a report in AllThingsD, and Waze’s desire to keep its team intact in Israel and not shutter its development center there represented a major obstacle.

Reports surfaced earlier this month that the social network was in talks to acquire Waze, with the price tag of the potential deal rumored to be as high as $1 billion, and Google is also rumored to be a strong contender to acquire the startup.

Apple had also been mentioned as a potential suitor, but the company has repeatedly denied being involved in talks to acquire Waze.

Readers: Do you think there is any chance for a revival of the talks between Facebook and Waze?