Facebook Inc (FB): Here’s Why This Deal Was Waze-layed

Some of the truth seems to have come out recently, as a report revealed that the prominent reason that Waze walked away from the Facebook Inc (NASDAQ:FB) deal was a real-estate reason: location, location, location. It seems that the Waze staff, based in Israel, did not want to leave Israel and join the Facebook campus in Menlo Park. There was some talk that Apple Inc. (NASDAQ:AAPL) was showing interest in Waze to have a bidding war with Google Inc (NASDAQ:GOOG), but Apple CEO Tim Cook dispelled that recently by saying that Apple was not making any active play for Waze. It had reportedly offered about $400 million for the app more than a year ago.

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