Israeli publication Calcalist on Thursday declared Facebook Inc (NASDAQ:FB), world’s biggest social network, is in advanced talks to purchase Israeli traffic and navigation mobile app Waze for $800 million to $1 billion.
According to the report due diligence is underway, after the 2 companies signed a term sheet. The report said talks of a takeover began 6 months.
At the current trading session, Facebook Inc (NASDAQ:FB) shares are down -0.63% to $26.96 while the stocks are trading within the range of $26.85 – $27.19. In the past year, the stock has traded within a range of $17.55 – $45.00. The current session’s volume of 5.14 million shares is lower from their average daily trading volume of 38.89 million shares.
Shares of Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) hiked almost 15 percent in premarket trading session on Thursday. The company announced a fiscal Q2 profit on Wednesday that surpasses Wall Street forecasts.
Green Mountain also reported an expanded agreement with Starbucks Corporation (NASDAQ:SBUX) for its Keurig brewing systems.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares are up +21.00% to $72.15 while the stock is trading within the range of $67.00 – $71.98in the current trading session. In the last 12 months the shares have traded between $17.11 and $71.98. The current session’s volume of 8.01 million shares is higher from their average daily trading volume of 2.88 million shares.
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