Google may bid for Waze navigation app, blocking Facebook's attempt to acquire its crowdsourced maps

Google Maps just got a massive overhaul, but the company might be about to throw even more money at its navigation system. Bloomberg reports that Google has approached the popular crowdsourced mapping and traffic app Waze about a potential acquisition. Facebook is also reportedly looking at Waze, of course, with sources saying that the social network might be willing to pay up to $1 billion for the app, though one source for Bloomberg suggests that Waze is looking for upwards of $1 billion. Ther...