(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.
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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