Map this: Apple in talks to buy Waze for $500M, report says

Update 10:51 a.m. PT: A source has confirmed to CNET that Apple has no plans to acquire Waze. Click here to read the full story.
Apple and social-navigation app maker Waze might soon come to terms on a lucrative deal for the startup.
The iPhone maker is in talks to acquire Waze, TechCrunch is reporting today, citing sources who claim to have knowledge of the negotiations. Those sources say that Waze is looking to net $750 million in the deal, but Apple is so far only willing to offer $400 million in cash and an additional $100 million