Google’s Waze Merger Catches FTC’s Inquisitive Eyes

Google’s Waze Merger Catches FTC’s Inquisitive Eyes

Google strictlyacquiredthe crowd-sourced mappingand trade app Waze progressingthis month,butthe $ 1.1 billion understandingis attack the last-minute jam.The poke hulkhas reliablewithReutersthatthe Federal Trade Commission not long ago non-stopan antitrust examinationintothepurchase, even yet Wazewill often work independently. AccordingtotheNew York Post, Google didn’t record the examinationwiththe FTCbecause Wazemakes reductionthan $ 70 million annually,whichis nextthe clubforan“automatic review.”Reutersrecordsthatthe FTCcanput the magnifying potiontoany sealed dealsatits discretion, namelyto safeguardtherewasno before vigilant simplyto suppress competition.These ultimate happeningsmightmakefor the proxy roadblock in in betweenthe formationofcertain interpretation in in between Wazeand Maps, recordsthePost— presumptionthe understanding in truth getsan finefromThe Man.Either way,we’d suppose concessionswillbemadeif needed,as Google’sno thestrangertothese sortsof proceedings.

Filed under: GPS, Transportation, Software

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Source:Reuters,New York Post

Joe Pollicino
Source : http://www.engadget.com/2013/06/22/google-waze-acquistion-ftc-antitrust/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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