Federal Trade Commission to investigate possible anti-trust issues in Internet search giant’s $1 billion acquisition of Israeli social mapping service Waze, which may drive Google to re-sell Israeli company
By Sagi Cohen
The Federal Trade Commission has launched an investigation into Google’s $1 billion acquisition of Israeli company Waze, the New York Post reported over the weekend. The FTC will look into possible anti-trust issues in the deal.

WAZE – Photo: IsraelandStuff/PP
According to the report, although the agreement was finalized on June 11, Google believed it did not need to submit the deal for review because Waze’s US revenue is less than $70 million. Continue Reading »




Around 1:00 a.m., four rockets were fired towards the Hof Ashkelon Regional Council. One of them may have been intercepted by the Iron Dome anti-missile system, and the other three exploded in open areas. There were no physical injuries or damages.







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