(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion.

OAKLAND, Calif. - Internet radio company Pandora Media Inc. reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening more than doubled to exceed 2.5 million. The company predicted that it may break even in the current quarter after adjusting for one-time costs. Its stock jumped in after-hours trading. The net loss in the three months ending April 30 grew to $28.6 million, or 16 cents per share, from a loss of $20.2 million, or 12 cents per share, a year ago.

Music-streaming service Spotify, with more than 24 million active users, has launched its first country ranking of the most-streamed songs (Spotify Top 50) and most-shared songs (Social 50). This weekly ranking will be updated every Monday and available as a free widget, with rankings for all of the 28 countries where Spotify is available.  In the US, "Can't Hold Us" by Ryan Lewis and Macklemore tops the Spotify 50, while in the UK Daft Punk's "Get Lucky" is in the lead.

Music-streaming service Spotify, with more than 24 million active users, has launched its first country ranking of the most-streamed songs (Spotify Top 50) and most-shared songs (Social 50). This weekly ranking will be updated every Monday and available as a free widget, with rankings for all of the 28 countries where Spotify is available.  In the US, "Can't Hold Us" by Ryan Lewis and Macklemore tops the Spotify 50, while in the UK Daft Punk's "Get Lucky" is in the lead.