
US FTC conducting preliminary inquiry into Google's Waze acquisition
FirstpostAntitrust regulators are conducting a preliminary inquiry into Google Inc’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. Google was able to close the deal without US regulatory approval because Waze’s revenue and assets in the US were below the $70.9 million threshold required for antitrust review. Google’s existing online mapping service is one of the most popular, and analysts say Google might have been motivated by a desire to keep Waze and its real-time traffic information out of rivals’ hands. It is unclear whether the FTC inquiry relates to Google’s assessment of the value of Waze’s U.S.-based assets such as its intellectual property and Google’s decision to bypass U.S. regulatory approval, or if the FTC is examining the broader question of whether the deal poses competitive issues.
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