Internet giant Google is rumored to buy popular mapping app company Waze Inc. Waze is popular in users as it is a social driving app. Users can share their location in a single tap, it provides voice guided navigation, helps you find cheapest and nearest gas stations and has a huge community of millions of users who contribute to road alerts including accidents, hazards, police traps.
Waze's asking price is around $1 billion. Other companies such as Facebook also want to bid for Waze. However, Waze's cofounders do not want to go with Facebook, as social giant wants to move it to California.
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