Google-Waze deal investigated by FTC
The Federal Trade Commisssion is examining Google’s $1 billion deal to purchase the Israeli navigation start-up Waze to see if the purchase violated any antitrust laws.
The Federal Trade Commisssion is examining Google’s $1 billion deal to purchase the Israeli navigation start-up Waze to see if the purchase violated any antitrust laws.
Just a couple of years ago, the Israeli entrepreneurs behind the traffic-fighting smartphone app Waze were knocking down the door of every news outlet in Los Angeles. They were seeking publicity to help forge their way into the iPhones and Androids of L.A. drivers by promising some reprieve from “Carmageddon” weekend on the 405 freeway.
Shlomo Rechnitz, a prominent local businessman and philanthropist, has purchased Doheny Glatt Kosher Meat Market, the scandal-plagued kosher meat retailer and distributor.
EMC Corp. acquired the Israeli storage systems start-up company XtremIO for more than $430 million.
Israeli businessmen have launched a Web site to help counter calls to boycott products made in Israel.