08:34
Reported

News Brief

  1/4/2013, Tevet 22, 5773

Apple Denies Talks to Acquire Israeli Navigator Waze


Computer giant Apple denied, Thursday, that it was in talks to acquire the Israeli navigation application Waze, according to the Cnet electronic consumer Website, which talked to a source close to Apple. The official said that all the talk about the acquisition was "fabricated" and that no talks had taken place.

It was reported, Wednesday, that talks were in advanced stages and that Apple planned to buy Waze for half a billion dollars. Cnet says that TechCrunch, which broke the story, also backed off on Thursday.