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Google reportedly close to buying Waze for $1 billion
2013-06-10 13:43:15| InfoWorld: Top News
Google is close to a deal to acquire Waze, maker of the eponymous crowdsourced mapping app, for at least $1 billion, according to the Wall Street Journal and others.The potential deal was first reported by Israeli business site Globes which said it would be worth $1.3 billion, citing sources.
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Tivo to receive USD 490 mln from Cisco, Google
2013-06-10 10:08:00| Telecompaper Headlines
(Telecompaper) Tivo confirmed it has settled its pending patent litigation with Motorola, Cisco and Time Warner Cable. It also agreed to reach patent licensing arrangements with Arris (which has since acquired Motorola's set-top box business), Cisco and Google (the former owner of the Motorola assets). As part of the settlement, Google and Cisco will pay Tivo an upfront lump-sum payment of USD 490 million. This brings the total from awards and settlements raised by Tivo in intellectual property lawsuits to roughly USD 1.6 billion. As part of the settlement, Tivo and Motorola, Cisco, and Time Warner Cable agreed to dismiss all pending litigation between the companies.
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Google denies involvement in PRISM, source reveals himself
2013-06-10 09:15:00| Telecompaper Headlines
(Telecompaper) Google has denied any involvement in a secret US government program called PRISM to give the National Security Agency direct access to its servers. In a statement on the company's official blog, CEO Larry Page and chief legal officer David Drummond write that the company has not joined any such programme and that the government does not have direct or "back door " access to information store in Google's data centres. Similar statements were made by Facebook, Yahoo and Microsoft. Separately, a former CIA employee, Edward Snowden, has identified himself as the source of the intelligence leaks to the Guardian and Washington Post. He said he disclosed the documents to make public what he called a systematic surveillance of innocent citizens.
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Google to buy Waze for around USD 1.1 billion - report
2013-06-10 08:57:00| Telecompaper Headlines
(Telecompaper) Google has agreed to acquire map software maker Waze for around USD 1.1 billion, a person with knowledge of the deal told Bloomberg. Waze's mobile app uses input from over 40 million users to improve directions and display details of traffic conditions and road hazards. This social feature would allow Google to keep its mobile navigation system lead over competitors like Apple and Facebook. Waze generates revenue through location-based advertising. Its app supports iOS and Android. Neither company would comment on the matter. Israeli newspaper Globes first reported the deal, pricing it at USD 1.3 billion.
Google near to buying traffic app Waze
2013-06-10 02:00:00| Total Telecom industry news
Reports claim Internet giant has fought off Apple, Facebook in the race for Israeli navigation specialist.
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