Quantcast

Jewish Journal

JewishJournal.com

June 24, 2013

Google-Waze deal investigated by FTC

http://www.jewishjournal.com/science_and_technology/article/google_waze_deal_investigated_by_ftc

The logo of Waze, whose recent acquisition by Google is being investigated by the FTC.

The logo of Waze, whose recent acquisition by Google is being investigated by the FTC.

The Federal Trade Commisssion is examining Google’s $1 billion deal to purchase the Israeli navigation start-up Waze to see if the purchase violated any antitrust laws.

After the deal between Google and Waze was finalized June 11, Google believed it didn’t need to submit the deal for review because Waze’s revenue in the U.S. is less than $70 million. If the FTC determineds there were violations in the deal, Google will most likely have to re-sell Waze at a loss. Apple, Facebook and Microsoft all previously wanted to purchase the Israeli start-up.

Even if no violations are found, Waze could still be determined to be a “firm that plays a disruptive role in the market to the benefit of customers,” which is possible since there is no other social-based mapping service like Waze on the market, the New York Times reported. In that case, Google’s purchase can also be invalidated.

JewishJournal.com is produced by TRIBE Media Corp., a non-profit media company whose mission is to inform, connect and enlighten community
through independent journalism. TRIBE Media produces the 150,000-reader print weekly Jewish Journal in Los Angeles – the largest Jewish print
weekly in the West – and the monthly glossy Tribe magazine (TribeJournal.com). Please support us by clicking here.

© Copyright 2014 Tribe Media Corp.
All rights reserved. JewishJournal.com is hosted by Nexcess.net
Web Design & Development by Hop Studios 0.2276 / 46