Rumors that Apple wants to acquire Israeli social navigation app developer Waze are false, according to a report by CNET.
The report states that talk of Apple investigating the acquisition are “fabricated” and that there have been no talks between the companies.
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TechCrunch had reported that Waze had asked for $750 million, with Apple offering $400 million with another $100 million in incentives, but has since retracted.
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