Rumors that Apple wants to acquire Israeli social navigation app developer Waze are false, according to a report by CNET.

The report states that talk of Apple investigating the acquisition are “fabricated” and that there have been no talks between the companies.

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TechCrunch had reported that Waze had asked for $750 million, with Apple offering $400 million with another $100 million in incentives, but has since retracted.

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Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.
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