Facebook said it will expand its operations in Israel. The company announced this week that it would hire 30 new employees, including engineers, product managers and designers, for its development center, and 10 new employees for marketing and business development, the Israeli business daily Globes reported. Facebook already has 55 development personnel and 20 sales…
An Israeli couple at their wedding (Haaretz) — When Israelis want to be warned of traffic jams ahead they check Waze, the popular crowd-sourced GPS. When they are planning their vacation, they look at hotel ratings and reviews on Tripadvisor to make sure their trip is smooth. So why shouldn’t they have the benefit of…
(JTA) — When the Israeli mobile maps start-up Waze accepted a buyout from Google for more than $1 billion in June, each of the company’s 100 employees walked away with an average of $1.2 million from the sale. An even bigger check, though, went to Baruch Lipner, a Canadian Israeli who hasn’t worked in the…
Antitrust regulators are conducting a preliminary inquiry into Google’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. The inquiry by the U.S. Federal Trade Commission has not reached the level of an investigation and Google is complying voluntarily, the source said. Google paid just over $1 billion…
The 100 employees of the Israeli navigation app developer Waze stand to receive a total of $120 million, as a result of Google’s acquisition of the company, making this the most lucrative exit ever for employees of an Israeli startup. The global search giant confirmed on Tuesday that it had agreed to purchase Waze for…
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. A source close to the matter told Reuters on Monday that the Internet search leader was putting the finishing touches on…
Google is set to acquire Israeli startup Waze, after the two firms recently agreed on most of their terms and are close to sealing the deal. The total purchase price exceeds $1 billion. Sources said the agreement calls for the U.S. Internet search engine giant to pay the full amount in cash. In addition, Waze’s…
Facebook is currently in advanced negotiations to buy the Israeli navigation company Waze. The total purchase price is said to be roughly $1 billion, significantly higher than the $200 million to $300 million Facebook is believed to have offered Waze only six months ago. Half would be paid in cash, the other half in shares…
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