Google Reportedly Set To Buy Hot Israeli Startup Waze

06/09/2013 - 20:00

(JTA) — Google will acquire the Israeli navigation company Waze for $1.3 billion, an Israeli business daily reported.

Neither Waze nor Google has confirmed the report by Globes. A later report by Bloomberg put the price at $1.1 billion.

Some 50 million motorists share information about traffic via Israeli startup application Waze.

Samsung, Apple Announce Israel Investments

02/11/2013 - 19:00

Samsung Electronics has opened a $100 million fund dedicated to innovative applications of product systems and components of its various digital gadgets. Part of the fund will be directed to projects in Israel.

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