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Newspaper: Facebook watch move from Tel Aviv

Kalkalist reported that Facebook was in talks have reached an advanced stage and that the acquisition of the company “Wizz” for location services via mobile phone for somewhere between $ 800 million and $ 1 billion, where you will be able to manage Facebook users of traffic control of Tel Aviv.

–Technical inspection process is underway after the signing of the memorandum, adding that the talks began six months ago. If the deal would be the third acquisition for the company “Facebook” in “Israel”. He bought the site “snabeto” in 2011 for $ 70 million and “Facebook dot com” in 2012 for $ 60 million.

Terms of the deal will give Facebook management to control the movement of Facebook users from Tel Aviv

The Israeli company website online that its applications on mobile phones “iPhone” phone operating system Android allows knowing the locations of friends, and follow developments in the BIOS.

Application are available in the Wizz “app store” for free and used by tens of millions around the world, meaning that thousands of Arabs might use them without knowing they are giving full information about their movement to an Israeli company based in Tel Aviv. If transaction, will become the positioning service Facebook under Israeli hands.

And use satellite signals Wizz from smart phones to subscribers to generate maps and traffic data provided to other users to provide information on the traffic moment by moment. Officials refused to comment on the report Wizz.

“Wizz” set up a partnership with the social networking site Facebook in October 2012 when issued an updated version allows users to access information on their drive to their friends on the site.