News Briefs

  Tamuz 2, 5773 , 10/06/13

Jerusalem Mayor Welcomes WAZE Deal

Mayor Nir Barkat of Jerusalem welcomed, Monday morning, the deal taking shape to make Israeli navigation software company WAZE part of Internet search giant Google. Barkat met, last week, with WAZE founder and president Uri Levin to discuss using the software to improve the city's traffic-control system, and expressed hope that the deal will go through.

Writing on his Facebook page, the mayor said, "The deal with Google is good for everyone: It's good for the entrepreneurs and the employees of the company because it creates a lot of opportunities for the future in the combining of the technologies of WAZE and Google." He added, "It's good for the investors because it will create an appetite for additional investments in Israel. It's good for the state of Israel, for beyond the tax revenue, it's a booster shot for another generation of entrepreneurs and proof that you can succeed in Israel."

Other archived news briefs:Jun 10 2013, 02:01 PM, 6/10/2013