Google, like Facebook, in talks to buy Waze for about $1 billion: report

(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/google-facebook-talks-buy-waze-1-billion-report-010729849.html