Google’s 2013 Waze deal is revisited by the US trade commission
The deal is seen retrospectively as one in which Google simply acquired ‘its number one competitor in maps’
15 February 2020 - 09:37
San Francisco/Washington — The US Federal Trade Commission (FTC) just ordered major technology companies to fork over details on waves of small acquisitions made during the past decade. A more sizable deal is also seen as a target for the regulator: Google’s $1.1bn purchase of mapping app Waze.
The FTC quickly approved the 2013 transaction, but anti-trust experts say the regulator will take a second look because it combined two popular digital mapping services under the same corporate roof, eliminated a fast-growing Google rival, and solidified the internet giant’s grip on valuable data...
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