June 24, 2013
Google's billion dollar deal for Waze was a win, with Apple and Facebook left behind, but the excitement at Google's Santa Clara headquarters will be put on hold while the Federal Trade Commission takes a good, long look at the deal. The New York Post reported the FTC would be scrutinizing the Waze deal, despite the fact that the deal closed on June 11, and Bloomberg and the Wall Street Journal confirmed the news with Google.
The California tech giant won't be able to integrate any of the crowd-sourcing technology that made Waze the toast of the map app world until regulators have determined everything is on the up-and-up. Waze quickly became the toast of the tech world before Google scooped it up, garnering attention from Apple and Facebook, too. And it's because of this wide-spread interest among tech titans that the FTC will be looking at closely, as the Journal explains:
The FTC would have to determine whether Waze would have become a head-to-head competitor with Google, whose Google Maps software is the dominant digital mapping and navigation service around the world, or whether there is any evidence, such as emails, that showed Google wanted to acquire the company only to keep it from rivals.
Before the purchase, Waze was seen as the first competitor who stood a chance of potentially taking down Google Maps as the go-to map app.
Read more at the Atlantic Wire.
(Image via Flickr user Wondermonkey2k)
June 24, 2013