If you haven't been following the broader tech news lately, GPS navigation provider Waze has been the corporate equivalent of a desperate college freshman, trying to find a match before the end of the first semester. The scuttlebutt is that both Apple and Facebook have shown interest in acquiring the Israel-based company within the last year. Now two credible sources, Israeli business websites Globes and Calcalist, report that Google has swooped in and agreed to purchase the company for a cool $1.3 billion.
What's so great about Waze? Its mapping system incorporates data submitted by tens of millions of users, whose smartphones collaborate to make the GPS service more accurate and flexible.



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