After Apple rumors went nowhere, Facebook now reportedly in talks to buy Waze for $1 billion

Following Facebook’s $1 billion acquisition of popular photo-sharing service Instagram, the company is reportedly now considering another billion-dollar deal. According to Israel-based newspaper Calcalist, Facebook is in the late stages of acquisition talks with Israeli social navigation service Waze and the deal could be worth between $800 million and $1 billion. The talks reportedly began six months ago and due diligence is now underway. TechCrunch previously reported that Apple was in talks to acquire Waze, but then later debunked its own report in a subsequent post.

[More from BGR: Samsung Galaxy S4: Jack of all trades, still master of just one]

This article was originally published on BGR.com