Just last week, MMW reported that Google is reportedly putting $1 billion on the table in a powerplay move to win over the owners of Waze before they can accept an acquisition offer by social networking giant Facebook.
But as of Wednesday, it looks like Google’s chances of acquiring the company have improved markedly.
Mobile app maker Waze is no longer in talks with Facebook.
According to AllThingsD, the potential $1 billion acquisition is off, as the two companies couldn’t reach mutually acceptable terms.
Sources reveal that irreconcilable differences allegedly stemmed from Facebook’s desire to move the Israel-based Waze team to the U.S. If the sources are accurate, the team didn’t want to be plucked from its present headquarters.
For now, reps for Facebook and Waze haven’t offered public comment.