Israel’s antitrust regulatory commission is investigating whether the Google-Waze merger constitutes a monopoly.
Google paid less than the previously reported $1.1 billion for the Israeli navigation app Waze.
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.
Google Inc bought Israeli mapping startup Waze on Tuesday for an undisclosed sum, acquiring an online real-time mapping service to safeguard its own lead in one of the most crucial aspects of smartphone usage.
When Dr. Gary Ginsburg, who lives in Jerusalem and works at the Ministry of Health, drives to Tel Aviv, he makes sure not to forget his smartphone and the Israeli traffic application Waze.
Talks between an Israeli technology firm and Facebook reportedly broke down over the Israeli company’s insistence on staying in the country.
An Israeli startup company has received a $30 million investment from China's richest man.