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FTC Reviews Google's Purchase of Navigation App Waze

Posted by samzenpus on from the taking-a-closer-look dept.

An anonymous reader writes "Google's acquisition of Waze has piqued the interest of the FTC and is now facing an antitrust review. "Google confirmed that it has been contacted by lawyers from the Federal Trade Commission over the company's '$1.1 billion acquisition of the mobile navigation company Waze, which closed in mid-June. A Google spokeswoman declined to comment on details of the antitrust review by the FTC. Representatives of the agency didn't immediately respond to a request for comment.'"

2 of 95 comments (clear)

  1. Who needed the other? by bogaboga · · Score: 5, Insightful

    Let me answer that:

    Google didn't need Waze. This is a purchase to keep Waze out of Microsoft or Apple's hands. They won't admit it but It must be painful for Microsoft because they are a Waze investor.

  2. Editors are fucking illiterate morons by Anonymous Coward · · Score: 5, Insightful

    "piqued"

    You fucking illiterate editors.