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Facebook Driving Deal to Buy Israeli Navigation App Waze

Let the jokes begin. From the people who wandered in the desert for 40 years comes the best navigational app so far. Waze, an Israeli crowdsourced navigation mobile application, has been growing in popularity over the past couple years. And in the past half a year there have been more than a few rumors that Waze was on the verge of being bought by Apple and Facebook. Those deals never materialized and some say it was because Uri Levine and his investment partners at Waze were holding out for more.

Will Facebook pay $1 billion for Israeli startup Waze?
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