Google (NASDAQ:GOOG): Current price $883.72
Tuesday on its website, Google announced the official closing on its acquisition of the Israeli traffic update firm Waze. For the time being, the Waze product development team will stay in Israel and operate separately. Google said in its blog, “We’re excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google’s search capabilities. We’ll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what’s needed to grow and prosper. The Waze community and its dedicated team have created a great source of timely road corrections and updates. We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world.”
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