Cleary Gottlieb Steen & Hamilton has taken the lead role for Google on its acquisition of Israeli traffic map software provider Waze, for a reported value of $1.1bn (£700m). The deal, which closed last week (11 June), saw Google take a 100% stake in the company, which helps drivers collaborate to find the best routes through traffic. Google said the Waze team would remain in Israel for the foreseeable future, with the tech giant hoping to enhance Google Maps with some of the features developed by the start-up.
June 20, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton has taken the lead role for Google on its acquisition of Israeli traffic map software provider Waze, for a reported value of $1.1bn (£700m).
The deal, which closed last week (11 June), saw Google take a 100% stake in the company, which helps drivers collaborate to find the best routes through traffic.
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