If the $500 million deal is realized, this would be Facebook’s third acquisition in Israel. Facebook Inc. is in advanced talks to buy Israeli navigation and traffic congestion app company Waze Ltd. for $500 million. Waze declined to respond to queries by “Globes” on the subject. When asked whether Facebook would close the company, as […]
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Normal 0 false false false EN-AU X-NONE HE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”,”serif”;} In its announcement Fitch noted that the rating ratification reflects Israel’s strong institutions and macroeconomic performance; however the large expected budget deficit was also […]
Survey by MIT also cites Haifa-based institution among ‘emerging giants’ with growing reputations The Technion was ranked in sixth place in the world for entrepreneurship and innovation, in the first comprehensive survey conducted by the Massachusetts Institute of Technology (MIT). The study was performed in collaboration with Skolkovo (the Innovation Center known as Russia’s Silicon […]
Bloomberg’s Middle East Business Editor Elliott Gotkine highlights the U.S. tech presence in Israel and how business between the nations also helps boost Israel’s business with neighboring countries. Click here to see the video report.
As reported in Globes: The Israeli navigation and traffic congestion app was named the winner by the GSM Association at the World Mobile Congress. Waze Ltd. won the Best Overall Mobile App by the GSM Association in the 2013 Global Mobile Awards at the Barcelona World Mobile Congress yesterday. The Israeli navigation and traffic congestion […]
As reported in Globes: The new development center, Apple’s third in Israel, will be based on employees recently fired by Texas Instruments. Apple Inc. is opening a development center in Ra’anana. The new center will be staffed by 100-150 employees who were fired several weeks ago by chipmaker Texas Instruments Inc. (TI), which decided to […]
As reported in Ynet: Global technology giant launches international innovation and strategy center with branch in Ramat Gan, expected to invest millions of dollars in companies and academia. Samsung is putting Israel on the map again: The global technology giant on Tuesday launched its new initiative, an international innovation and strategy center. The center’s headquarters […]
Israeli tech startups were bought out for a record total of $5.5 billion in 2012 according to a report by PricewaterhouseCoopers. A report also showed that in 2012 Israel had 50 deals with an average deal size of $111 million, compared with 63 deals with an average size of $81 million in 2011. According to […]
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Possible Apple Aquisition of Waze
As reported by Techcrunch: There can be no doubt that one of the hottest startups of the last couple of years has been social sat-nav smartphone app Waze. Not surprising in an era when – largely due to Apple initially dumping Google Maps in iOS 6 – everyone woke up, as if from some slumber, […]
As reported in Globes: A large project of Amdocs Ltd. in Australia is about to shrink. “Globes” has learned that telecommunications company Telstra, an Amdocs customer since 2006, has informed Amdocs of its intention of ceasing to receive some of the support services that the company currently provides. The contract between the two sides, […]
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