Facebooks billion-dollar Waze deal repor

May 14 [Tue], 2013, 7:32
Facebook Waze Acquisition ProblemsFacebookshas seemingly hit a serious snag that has stalled the deal for the time being.Calcalist, the Israeli newspaper that first broke news of , has followed up its original report with news that the two companies are having problems coming to terms in a few key areas.

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The biggest issue appears to bedesire to shutterIsrael-base research and development center and transfer several key Waze employees to Facebooks U.S. headquarters. ,Waze CEO Noam Bardin and companyfounders Ehud Shabtai, Uri Levine and Amir Shinarinsist that the firms main R&D center should remain operational and they want to keep all of their employees in Israel.

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Talks surrounding the issue have reportedly been going on for weeks, but no agreement has been reached at this point.

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