Report: Facebook And Waze Hit Dead End In Acquisition Talks

After earlier reports suggested that social network giant Facebook is in talks to acquire Israeli GPS company Waze for up to $1 billion, AllThingsD now reports that the deal will not go through.

AllThingsD reports that the talks dissolved in recent days, according to sources, due in part to conflicts over whether or not the Waze team — which is predominantly based in Israel — would move over to the United States and fold itself into Facebook’s Menlo Park, Calif., headquarters, among other reasons.