BREAKING NEWS

Israeli regulator probes Google-Waze merger

The Israel Antitrust Authority Wednesday opened an examination of Google Inc.'s acquisition of Waze Ltd. It was set to focus on whether the deal meets the conditions required of an acquisition, and whether it is liable to create a monopoly in the Israeli market, harming consumers.
The Antitrust Authority has asked Google Israel's general manager and Waze Israel's CEO for financial and other information. The Antitrust Authority is examining whether it should have been involved in the transaction, and if the companies should have notified it beforehand and obtained permission to merge.
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