Waze parent organization Google
Acquisition by Google
In June 2013, Waze was acquired by Google for $1.3 billion. Waze's then-100 employees received about $1.2 million on average: the largest payout to employees in Israeli high tech.In June 2013, the Federal Trade Commission (FTC) of the United States began a consideration of whether Google's acquisition of Waze was potentially violating competition law; Waze was among a very small group of competitors in the mobile mapping sector against Google Maps. The FTC later decided that it would not challenge the deal; the Office of Fair Trading of the United Kingdom and the Israel Antitrust Authority also launched an investigation, in which the acquisition was ultimately unchallenged. However, in 2020, the FTC announced that it would be re-examining Google's 2013 acquisition of Waze.
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