Waze is a one-of-a-kind GPS navigation service, in which some real time data depends on crowd sourced data from users all over the world using its app. Recently, Waze touted an impressive number of 50 million users on its service. It has been rumoured for quite some time that Waze has been on sale and many biggies like Facebook, Apple and Google were in talks to acquire the Israeli company. But if the recent reports from Israel are to be believed, Google has apparently won the race and is all prepared to buy Waze for a cool $1.3 Bn, which is more than what Facebook paid for Instagram.
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