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Facebook Considering Acquisition of Waze Navigation Start-Up for up to $1 Billion

HotHardware: Mark Zuckerberg and the rest of the decision makers at Facebook are in "advanced talks" to acquire Waze, an Israeli start-up that makes a social GPS application with turn-by-turn navigation for GPS-enabled smartphones. Apparently Facebook is really enamored with the app, as the price that's being floated around the web is anywhere from $800 million on up to a whopping $1 billion, the latter of which is the same Zuckerberg and company paid for Instagram.

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