According to the Wall Street Journal, the Federal Trade Commission is now conducting an antitrust review on Google and its recent acquisition of the Israel-based mobile navigation company. Lawyers reportedly said that it is very unlikely that the FTC will ask Google to undo the deal since that would require sufficient evidence that the deal would crimp competition in the market.
Although Google and the FTC declined to comment on the report, lawyers allegedly said that the FTC may have asked Google to refrain Waze from being integrated into Google Maps. The Waze deal was a hot story. It was rumored that Apple and Facebook were also interested in buying Maze. Microsoft, an investor in Waze, was also seen as a potential buyer.
But in the end, Google got the deal, prompting to FTC to investigate whether Google wanted to acquire the company only to keep it from rivals. Google announced last month during the time of the acquisition that it would keep Waze separate from Google. The FTC, however, is not convinced.
Gene Ryan Briones Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.
Deion Sanders' School Opens Despite Losing Charter
Pro Football Hall of Famer Deion Sanders' Prime Prep Academy in Fort Worth, Tex. opened this week despite its location -- in a shopping center across an adult shop -- being disapproved and losing its charter.
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