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Google has announced its aquisition of the popular Israeli navigation app WAZE. At an estimated $1.1-1.3 Billion, the deal is one of the top acquisitions of an Israeli company ever. It was reported that WAZE's management made efforts to see to it that the Company's activities remain in Israel, at least for the coming years. Here's what Google VP Brian McClendon, had to say on the deal in Google's official blog: To help you outsmart traffic, today we’re excited to announce we’ve closed the acquisition of Waze.