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Facebook is in serious discussions to buy a leading mobile navigation service, Waze, according to two people with knowledge of the situation.
If the sale is concluded, it would give Facebook the ability to better deliver locally tailored ads and content to its 1.1 billion users.
The potential purchase price, which some news reports have said could run as high as $1 billion, would rival what Facebook paid last year to buy Instagram, a fast-growing mobile photo-sharing (...)