Arab Today, arab today google set to buy israeli navigation startup waze
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

Google set to buy Israeli navigation startup Waze

Arab Today, arab today

Arab Today, arab today Google set to buy Israeli navigation startup Waze

Jerusalem - XINHUA

Google is finalizing a deal to buy the Israeli navigation startup, Waze, for over one billion U.S. dollars, the Globes financial newspaper reported Sunday. Waze, a navigating application for smartphones and tablets, provides driving routes based on real-time traffic updates from users on the Waze social network. According to Globes, Waze\'s development center and its employees would continue to work in Israel for at least three years. Waze would not be disseminated in Google and would keep its brand, the report said. In May, Waze was in advanced negotiation with Facebook, but the deal was not finalized reportedly because Facebook insisted on moving the Waze management and team to its headquarters in Menlo Park, California of the United States. In addition, Facebook agreed to pay only half of the amount of the acquisition in cash and the rest in Facebook shares, Globes said. Google is set to pay the entire amount in cash. Founded in 2009, Waze has now almost 50 million users. It enables users to navigate to their destination and offers information on traffic congestion, police presence, road accidents, speed cameras, and road hazards.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today google set to buy israeli navigation startup waze Arab Today, arab today google set to buy israeli navigation startup waze

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today google set to buy israeli navigation startup waze Arab Today, arab today google set to buy israeli navigation startup waze

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday