Facebook’s efforts to acquire satellite navigation startup Waze in a deal potentially valued at as high as $1 billion have hit a major roadblock, as Israeli daily newspaper Calcalist reported that Waze’s co-founders and CEO are balking at the shuttering of the company’s development center in Israel and the relocation of some of its employees to the social network’s headquarters in Menlo Park, Calif.
Another billion-dollar deal may be on tap for Facebook, as Calcalist, a daily newspaper in Israel, reported that the social network is in talks to acquire satellite navigation startup Waze for $800 million to $1 billion.
Waze, a GPS navigation application that updates with user-submitted traffic information, has grown quite well since adding Facebook integration. The social network put Waze in the developer blog spotlight Thursday, highlighting the app’s use of Facebook login to drive traffic.
Facebook has made quite the flurry of acquisitions lately. Last week, the social network acquired Threadsy. The word on Wednesday is that Facebook could consider purchasing Waze, developer of a well-liked, free, community-based traffic-nav app. Waze has nearly 6,200 users talking about it and the app has garnered 126,000 likes.