Facebook's Road Trip May Include a Stop to Buy Waze

Rumors that Facebook is deep into the process of purchasing Waze -- makers of a mobile satellite navigation app that leverages crowdsourced mapping and traffic tips -- are making the rounds.

Facebook has apparently signed the terms and is conducting due diligence after six months of negotiations, according to published reports.

The social networking giant is apparently willing to fork out between US$800 million and $1 billion for the Israeli startup.  FULL ARTICLE AT TECHNEWSWORLD