PUBLISHED: 11:42 EST, 9 May 2013 | UPDATED: 02:07 EST, 10 May 2013 Facebook is in 'advanced talks' to buy satnav software firm Waze - but could be outbid by Apple at the last minute, it has been claimed. The social network is believed to be in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion. However, experts say Apple is also interested in using the software to bolster its Maps app - and could step in with a last minute bid. Waze uses satellite signals from members' smartphones to 'crowdsource' maps and traffic data, and can run on Apple or Android handsets and tablets
@highlight
Facebook in 'advanced talks' with Israeli firm
@highlight
Apple also believed to be interested in firm to bolster its Maps app
If it goes ahead, the deal  would be @placeholder's third acquisition in Israel.