After months of speculation on who would snap up Waze, Google is reportedly close to acquiring the mobile mapping and navigation company.
The search giant will soon close a $1.3 billion deal for the Israeli startup, according to a report Sunday by the Globes business newspaper in Waze's home country. The acquisition could help the Web giant improve its own mapping services, as well as help prevent encroachment by Facebook, which was reportedly courting Waze last month.
A Google spokesperson declined to comment on the report. CNET has also contacted Waze for comment and will update this report … Read more