Google Confirms FTC Review of Waze Acquisition

Google Confirms FTC Review of Waze Acquisition

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Google has confirmed that the FTC has contacted the company to review its acquisition of Waze, reports the WSJ.

Google acquired the company in mid-June for $1.1 billion. Waze's income was too low to trigger an automatic review by the agency; however, it can choose to examine deals even after they've been closed.

Lawyers tell the Journal that it is unlikely the FTC will ask Google to unwind the deal; however, they may have asked Google not to integrate with Waze until its examination is complete.

The FTC would have to determine whether Waze would have become a head-to-head competitor with Google, whose Google Maps software is the dominant digital mapping and navigation service around the world, or whether there is any evidence, such as emails, that showed Google wanted to acquire the company only to keep it from rivals.

Other companies looking into the acquisition of Waze included Facebook, Apple, and possibly Microsoft.

You can download Waze from the App Store for free.

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Google Confirms FTC Review of Waze AcquisitionGoogle Confirms FTC Review of Waze AcquisitionGoogle Confirms FTC Review of Waze Acquisition

Google Confirms FTC Review of Waze AcquisitionGoogle Confirms FTC Review of Waze Acquisition
Monopolies are bad for us all - June 24, 2013 at 4:58pm
For the reasons of monopoly laws.
f1982 - June 24, 2013 at 12:42pm
I don't understand the last part of the FTC's comments. Waze does much better what google apple microsoft and nokia are trying to do. It makes sense that each would want to buy it. Why would the FTC want to look for emails suggesting google wanted to buy it to keep it out of the hands of their opposition. That is EXACTLY why they would have wanted to buy it! So they can integrate the social traffic awareness into their own maps, and not their competitors.
Binxter - June 24, 2013 at 6:18am
How come I have a feeling that Google will kill Waze once it has been acquired? It is sooo much better than Google maps!
GDZ - June 23, 2013 at 11:07pm
Test
Test again - June 24, 2013 at 1:17am
Test again
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