The billion-dollar sale of navigation company Waze to Google may finally be putting Israel on the map as a major player in consumer Internet innovation.Full story
SAN FRANCISCO (Reuters) - Antitrust regulators are conducting a preliminary inquiry into Google Inc's recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. Full story
Google is buying Waze for $1.3 billion. Steve Cortes, Veracruz TJM, and Carter Worth, Oppenheimer, discuss whether it's time to buy the stock.
Google is finalizing its deal with real-time, social-mapping company Waze, reports CNBC's Seema Mody.
Waze has 47 million drivers contributing real-time information to its app, reports CNBC's Julia Boorstin. As a result, Waze provides turn-by-turn directions based on current road conditions.
Waze, an Israeli mobile satellite navigation application, is seen on a smartphone in this photo illustration taken in Tel Aviv in May. Google announced Tuesday that it had purchased the mapping service.
Waze, an Israeli mobile satellite navigation application, is seen on a smartphone in this photo illustration taken in Tel Aviv May 9, 2013. REUTERS/Nir Elias