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Google's Waze acquisition gets FTC scrutiny, reports say |
June 23, 2013
The U.S. Federal Trade Commission (FTC) has asked Google for information related to its Waze acquisition, as the agency reviews the deal, according to reports published on Saturday.
The FTC wants to look into possible antitrust issues stemming from the deal, the New York Post first reported on Saturday, quoting anonymous sources. The Wall Street Journal's AllThingsD technology blog later got a confirmation from Google about the probe.
Neither Google nor the FTC immediately responded to a request for comment.
Earlier this month, Google announced it had acquired Waze, a crowdsourced mapping application developer based in Israel, saying it wanted to add more real-time navigation tools to its Maps product.
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Link: http://www.pcworld.com/article/2042761/reports-ftc-probes-googles-waze-acquisition.html#tk.rss_all
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