Apple to buy Waze
Apple's foray into mobile Mapping with iOS 6 was famously fraught with problems. Since then, Apple has improved its Maps app and has even acquired a number of Mapping based companies. During the first half of 2013, rumors emerged that Apple was in negotiations to purchase Waze, a popular mapping and navigation app with a number of clever and fun social features.
As it turns out, Waze was eventually acquired by Google in June of 2013 for a reported $1.1 billion.