FTC probes Google's acquisition of Waze

Jun 23 2013, 10:12pm CDT | by , in News | Technology News

FTC probes Google's acquisition of Waze

Now that Google has bought turn-by-turn GPS application, Waze, it is now time for the critics, a.k.a. the Federal Trade Commision or FTC, to do its job of conducting an antitrust investigation on the $1.1 billion deal.

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.

Source: The Wall Street Journal

Leave a Comment

You May Also Like


Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

Read the Latest from I4U News