It is believed that Google has agreed to buy Waze, which provides online mapping, for $1,1-billion.

Bloomberg reported over the weekend that the deal, which could be announced today, will help Google to retain its mobile navigation market lead.

Waze provides online mapping and uses input from its user community to ensure maps and directions are up to date, reflecting any localised changes or issues.
Waze is free for users and generates revenue through location-based advertising.