Facebook is considering buying GPS company Waze for $800 million to $1 billion, Israeli daily newspaper Calcalist reports.

 

The talks are in an advanced stage Calcalist claims. The two companies started talking started six months ago, due diligence is underway and a term sheet was signed.

 

Waze, whose turn-by-turn navigation app uses crowdsourcing to gather real-time conditions on the road, has had 44 million users in April 2013.

 

The two companies are partners; Waze already lets users share their drive with Facebook friends. Buying a social, mobile app with a strong user base makes sense for Facebook. If the acquisition happens it’ll be interesting to see what Facebook’s plans are in the GPS/location space.