In an expected move (it was almost done a few days ago, and has been in the making),
Google announced it bought Waze.
Waze - The Social GPS App from Israel, has been greatly popular within car drivers, helping people dodge traffic jams,
road blocks, and a lot more, was created at 2008 (which makes it one of the firsts of its kind).

The Sum is still undisclosed,
but probably was around 1.3-1.4 Billion (at least that's what was reported earlier)

More information