Waze said to have rejected Apple’s buyout offer

It isn’t often you hear about a small startup rejecting a buyout offer from the world’s most valuable company, but times may be changing. Earlier rumors had claimed a deal was in the works for Apple (AAPL) to acquire social navigation startup Waze in a desperate effort to improve its widely-panned Maps application. Waze was said to be seeking a hefty $ 750 million payout from Apple and is now believed to have rejected the company’s offer, according to The Next Web. Despite the fact that Waze was valued around $ 200 million in its last round of funding, investors were reportedly aiming for a higher offer, possibly in the $ 1 billion range. The Next Web’s sources claim the company has received more than

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