Facebook may be ready to spend $1 billion to acquire Waze, an Israeli company that offers a socially driven GPS app for drivers, tech-watching sites said. Israeli business-news site Calcalist said talks between the two companies have been ongoing for six months and the two companies have agreed in principle on the sale, CNET reported Thursday. However, sources familiar with Waze told the Times of Israel a deal is not necessarily forthcoming, and a Facebook spokesperson gave CNET a no-comment. Waze, with about 45 million users, is a free mobile smartphone app that helps drivers navigate traffic using live maps, traffic updates and turn-by-turn navigation. A social network facet comes into play when fellow Waze users offer input on traffic jams or other obstacles to help ease or adjust a journey. An acquisition of Waze would give Facebook a foot in the door of the mobile search business, which on mobile devices centers around mapping apps and is currently dominated by Google, CNET said.
GMT 11:44 2018 Wednesday ,10 October
Palestinian sentenced to 10 months in prison over Facebook postsGMT 15:17 2018 Wednesday ,03 October
Twitter allows publishers to monetise video views globallyGMT 19:45 2018 Sunday ,16 September
WhatsApp calls unblocked in UAE? TRA respondsGMT 14:17 2018 Thursday ,06 September
Gazprom-Media and Yandex discussing amicable agreementGMT 12:04 2018 Wednesday ,05 September
Kremlin: watchdog’s claims against Google do not mean crisisGMT 08:13 2018 Tuesday ,23 January
Facebook acknowledges social media's risks to democracyGMT 08:47 2018 Sunday ,21 January
Twitter says Russia-linked accounts more widespreadGMT 09:47 2018 Saturday ,20 January
Amazon boosts Prime fees for US monthly subscribersMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor