Waze Acquisition Talks Ongoing Amongst Several Companies

25 May 2013

Reuters:

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

A billion dollars is quickly becoming the lower bound for high-profile acquisitions these days. Paying less than that is almost insulting.