TECH NEWS: Facebook intend to buy an Israeli company specializing in navigation

Friday, May 10, 2013

Facebook intend to buy an Israeli company specializing in navigation

waze logo 1024x422 فيس بوك تنوي شراء شركة اسرائيلية متخصصة في الملاحة
Facebook has become in the final stages of a deal possession Waze application in a deal expected to be worth billion dollars.
The mission of this application on navigation street Fshara the and using actual traffic data from millions of users around the world in order to alert drivers about traffic accidents that occurred at the end of the street, for example, or the closed streets or delays and congestion is expected.
And depends largely on the application of social networking and sharing sites to perform his job, which tempts Facebook because left untouched to the company.
This transaction is expected that occurred borders between $ 800 million and billion dollars, making it one of the biggest deals carried out by Facebook, especially after the acquisition of network Anstgram.
It is worth mentioning that this deal is the third Israeli company will acquire Facebook.