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Today, an app headquartered in Israel called Waze was acquired by Google.
The price: $1 billion, plus $100 million in employee retention and incentives.
Waze is an interactive navigation app for iOS and Android with more than 40 million registered users. It was founded in 2007 by Ehud Shabtai, Amir Shinar and Uri Levine. Noam Bardin is the company's CEO. It previously raised $67 million from investors.
Now you know what it is. Here's how it works.
Welcome to Waze!
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Waze realizes you're new. It helps you get started.
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You can plug in your home and work addresses so you don't have to constantly enter them.
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See the rest of the story at Business Insider
