Fb is in talks with the founders of Waze navigation app for iOS. As mentioned on Thursday, the Israeli newspaper Calcalist, the transaction worth is estimated at $ 800 million to $1 billion.

In step with the useful resource, negotiating the acquisition of Waze started six months in the past and at the moment are in a complicated stage.

Waze – free social, navigation utility for cell gadgets. It means that you can display the location on the roads and tracks in actual time, run higher routes, and obtain signals to warn different drivers of trade in highway stipulations, limitations, site visitors police posts, and many others.

Probably the most attention-grabbing factor on this carrier – all the playing cards and their content material is generated through the drivers. In case you are using on the street that isn’t within the database, the appliance attracts a brand new route. Then, the route is transmitted to the database, and if it once more on the car will cross, it’ll already be “dear”. All additional work with a card that features the fitting side road identify and monitoring defects lies with the person.

Waze and Fb have grow to be companions in October 2012 after Waze launched its up to date model, which lets in customers to share the placement on the roads with their pals to Fb. Closing yr, Waze has tripled its person base, bringing it to forty five million subscribers.

In January, there have been rumors that the Israeli provider used to be fascinated with shopping for Apple. California company and previous labored with Waze, however then it was once on to combine the performance of its playing cards on the iPhone and iPad. Later sources mentioned that the corporate didn’t attain an settlement.

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