Google Pays $1B For Israeli Mapping Tech Startup

Law360, New York (June 11, 2013, 3:53 PM EDT) -- Google Inc. bought an Israeli startup for a reported $1 billion on Tuesday to boost the mapping capabilities of its Android smartphones, ending a flurry of speculation over who would purchase the startup, which also had drawn high-profile interest from Facebook Inc.

With Waze Inc. in its arsenal, Google gains an increasingly popular social application that helps drivers find the quickest routes with real-time traffic information — not only bolstering its own offerings but keeping rivals Facebook and Apple Inc. from encroaching on its dominant place...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.