Israel regulators review Google deal
Israel's antitrust authority has opened a review of Google Inc.'s $1 billion acquisition of Israeli navigation app Waze.
An authority official said Wednesday that the companies did not inform it of their merger plans, and it is now investigating whether the deal needs antitrust approval. Under Israeli law, the authority must approve deals that create companies with full or near-monopoly status in their industries, or have revenue of more than roughly $40 million a year. (AP)
