Bangalore: 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.

Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion.
Google and other parties approached Waze after the Facebook talks
became public but none of the bidders are close to clinching a deal,
Bloomberg said, adding that the start-up might decide to remain
independent.
Waze could not immediately be reached for comment. Google did not immediately respond to requests for comment.
Waze uses satellite signals from members' smartphones to generate
maps and traffic data, which it then shares with other users, offering
real-time traffic info.
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