Menu
Three Breast Woman Jasmine Tridevil is a Hoax

Three Breast Woman Jasmine Tridevil is a Hoax

iPhone 6 Plus Has Not the Best Smartphone Screen

iPhone 6 Plus Has Not the Best Smartphone Screen

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Facebook to Buy Waze for $1 Billion Dollar

May 9 2013, 8:20am CDT | by , in News | Technology News

Facebook bears the imprint of its youthful creator and founder, Mark Zuckerberg to the hilt. The gigantic social networking site is ready to purchase a mapping/traffic app named Waze. The rate set for the app is a cool billion dollars. What began six months previously as tentative negotiations has progressed to a sealing of the deal.

Facebook to Buy Waze for $1 Billion Dollar
 
 

YouTube Videos Comments

Full Story

Facebook to Buy Waze for $1 Billion Dollar

Facebook to Buy Waze for $1 Billion Dollar

Facebook and Waze have made a financial exchange that benefits both in the process. The story is that Facebook wanted to buy the social mapping/traffic app maker Waze and had been looking forward to signing a deal. A price figure of $800 million to about $1 billion was the rough estimate that got decided upon.

According to TechCrunch, the reports of this timely transaction are clearly correct according to TechChrunch. Main source of this information is Israeli press including Calcalist. Come hell or high water it will take place. The fact that the Research & Development Department of Waze is located in Israel won’t make an iota of difference since its main headquarters are in the same place as Facebook that is Palo Alto. Whether Israel or the US will serve as the focal point for operations is irrelevant. Either way it is a done deal. From the looks of it, there seems to be a trend towards shifting the location to the States as Facebook did two times previously in its Israeli mergers. 

Meanwhile, when they were contacted, spokespersons at both Facebook and Waze declined to make any further comments. The only blank response they gave was that nothing having to do with business would be revealed no matter what. But where there is smoke, there is fire. And you can’t make an omelet without breaking eggs.

For all purposes the merger is official and it is only a matter of time before it becomes final. So much for speculation! In a way this was bound to happen. It was still in its initial phase about half a year back. Facebook has every right and doesn’t need a rhyme or a reason to take over Waze. Facebook’s latest thing is the Android-based Facebook Home service. And as for the growth of business, it has been progressing at a brisk pace that refuses to lag behind the competition.

Facebook now has over a billion users. The future of the stylish social network is going to extend to global levels of membership. It is business at its best. And just to think that it all began as a potential idea in the mind of Mark Zuckerberg is a valuable study in the mechanics of genius.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Kendrick Lamar Has Released His New Single Entitled “i”
Kendrick Lamar Has Released His New Single Entitled “i”
Kendrick Lamar has released his first single since 2012.
 
 
Nicolas Cage Feels Like An Outsider
Nicolas Cage Feels Like An Outsider
Nicolas Cage gave a rare interview in which he talked about himself and what people think about him.
 
 
Sarah Jones to Be Honored By Former Cast Crew
Sarah Jones to Be Honored By Former Cast Crew
Sarah Jones to Be Honored By Former Cast Crew.
 
 
Mama June Spotted with Sugar Bear After Split
Mama June Spotted with Sugar Bear After Split
Mama June went out to lunch on Saturday and obviously looked gloomy.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.