Google Inc. (NasdaqGS:GOOG) is considering acquiring Waze Ltd., setting up a possible bidding war with Facebook, Inc. (NasdaqGS:FB) people familiar with the matter said. Waze is fielding expressions of interest from multiple parties and is seeking more than $1 billion, said one of the people, who asked not to be identified because the talks are private. Waze might also remain independent, instead seeking to raise a round of venture capital financing, the people said. Google and other large tech companies have approached Waze about a possible deal since the Facebook talks became public, people said. None of the bidders is close to clinching a transaction and the talks may fall apart, they said. Apple Inc. (NasdaqGS:AAPL) is not currently part of the discussions, a person with knowledge of the matter said. Waze investors include Kleiner, Perkins, Caufield & Byers; Microsoft Corporation (NasdaqGS:MSFT); BlueRun Ventures; Vertex Venture Capital; Magma Venture Partners; and Horizons Ventures Limited. According to Bllomberg, Julie Mossler, a spokeswoman for Waze, declined to comment.

Eminem's song publisher is suing Facebook and an ad agency in Detroit federal court, saying they appropriated one of the rapper's songs. In the complaint May 20, 2013, Ferndale, Mich.-based Eight Mile Style says a Facebook ad broadcast online last month copied music from Eminem's 2000 song "Under the Influence." The complaint says ad agency Wieden+Kennedy copied Eminem's music "in an effort to curry favor with Menlo Park, Calif.-based Facebook by catering to Zuckerberg's personal likes and interests, and/or to invoke the same irreverent theme" of the rapper's song.

Facebook, Inc. (NasdaqGS:FB) is reportedly in talks to acquire Waze Ltd. for $800 million to $1 billion. According to Calcalist, due diligence is going on after a term sheet was signed. According to Reuters, officials at Waze declined to comment on the report.