FTC wants more info on Google's acquisition of Waze
0. phoneArena 22 Jun 2013, 15:31 posted on
The FTC is asking Google for more information on its $1.1 billion acquisition of crowd-sourced navigation app Waze; Google confirmed on Saturday that the agency has contacted them, seeking more information. Since Waze has revenue of only $70 million in the U.S., the deal did not trigger an automatic review. Most antitrust experts do not expect the FTC to block the acquisition...
This is a discussion for a news. To read the whole news, click here
1. icyrock1 (Posts: 307; Member since: 25 Mar 2013)
Waze isn't a competitor(in my mind), I think of it more has a supplement to whatever map service you use.
2. MartianMe (unregistered)
Apple, Yahoo and Facebook are behind this so called "FTC asking"....just saying..
5. Topcat488 (Posts: 1377; Member since: 29 Sep 2012)
Well you know what the ole saying is... "If you're scared, call the police".
3. quesoesgrande (Posts: 217; Member since: 03 Aug 2011)
Why does the FTC need to get involved over a foreign based company?
6. milesboy5 (Posts: 175; Member since: 07 Nov 2012)
Because an American company bought the foreign based company... food for thought...
8. htc_prep (Posts: 303; Member since: 09 Oct 2009)
The reason why is because all for of the aforementioned companies including waze operate on an international basis. Including a large number of Americans. Also another reason why is because they want to make sure that GOOGLE doesn't become a monopoly here in the united states... Or stockpile to many patents and unfairly hold them away from the other three companies.
4. roscuthiii (Posts: 2027; Member since: 18 Jul 2010)
I guess Timmy C and Stevie B have been writing checks again...
7. InspectorGadget80 (unregistered)
FTC NEEDS TOO STFU. Getting sick and tired of them getting involed GOOGLE'S BUISNESS or anyone else that's NOT APPLE. and how bout get into APPLE when they purchase AuthenTec? FTC are a bunch of greedy dumb Bureaucrats
9. htc_prep (Posts: 303; Member since: 09 Oct 2009)
Apple doesn't make too many high profile purchases. They buy up smaller innovative companies that require and FTC probe. They just make high profile partnerships. An lawsuits are public/ law documents anyway another reason no probe is needed.