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Blog Post
6/24/2013
Posted by John M. Simpson
Less than two weeks ago after Google said it was buying Waze, developer of a mobile mapping application, for a reported $1.1 billion, the Federal Trade Commission has stepped in and said in effect, "wait just a minute here." Word of the FTC's antitrust investigation was originally reported over the weekend by the New York Post and...
News Story
6/24/2013
Posted by Mark Reback
Watchdog's action follows demands from consumer groups and is part of scrutiny of tech pioneer across the globe Waze: Google's acquisition is being investigated by the US FTC The US Federal Trade Commission (FTC) is investigating Google's $1.3bn acquisition of the crowdsourced traffic-mapping and navigation company Waze, the...
News Story
6/24/2013
Posted by Mark Reback
Google revealed that Federal Trade Commission attorneys are investigating its $1.1 billion acquisition of Israeli crowdsourced location services firm Waze. A Google spokesperson confirmed the rumored antitrust review to The Wall Street Journal but declined to comment on details. Lawyers familiar with the antitrust investigation process say...
News Story
6/24/2013
Posted by Mark Reback
Google has confirmed to the Wall Street Journal that the company has been contacted by the Federal Trade Commission for an official antitrust review of Google's $1.1 billion (£716 million) acquisition of Waze, announced earlier this month. Neither Google representatives nor representatives from the Federal Trade Commission are...
News Story
6/23/2013
Posted by Mark Reback
Federal Trade Commission to examine possible anti-trust issues in Internet search giant's $1 billion acquisition of Israeli social mapping service, which may force Google to re-sell company The Federal Trade Commission has launched an investigation into Google’s $1 billion acquisition of Israeli company Waze, the New York Post reported...
News Story
6/18/2013
Posted by Mark Reback
Google's motto is “don’t be evil.” But its recent acquisition of Waze, reportedly for $1 billion in cash, shows that just because you’re not evil, it doesn’t mean you can’t be aggressive in pushing the boundaries of the law. The question now is whether the United States government pushes back and forces...
News Story
6/15/2013
Posted by Mark Reback
Google plans to corner the wind energy market in New Jersey. It’s a first-of-its kind venture that could cost Google and its partners $1.3 billion, but one Google believes fits its core mission: You can make money without doing evil. It’s all well and good until you look at the fine print. If the project goes as planned, Google wins a...
News Release
6/12/2013
Posted by John M. Simpson
WASHINGTON, DC – Consumer Watchdog today called on federal regulators to block Google’s proposed $1 billion acquisition of Waze, developers of a mobile mapping application, on antitrust grounds.   The nonprofit, nonpartisan public interest group made the case against the deal in letters to both the Department of Justice and the...
News Story
6/12/2013
Posted by Mark Reback
U.S. antitrust agencies should block Google's proposed acquisition of crowdsourced mapping app Waze because the deal would take away Google's major competitor in mobile maps, consumer group Consumer Watchdog said. Google's proposed acquisition [1] would remove the most "viable" competitor to Google Maps on mobile devices,...
News Story
6/12/2013
Posted by Mark Reback
Google's acquisition of Israeli maps and traffic data firm Waze should be blocked on antitrust grounds, according to Consumer Watchdog. It is calling on regulators in the United States to block the billion dollar acquisition, writing to both the U.S. Department of Justice (DoJ) and to the Federal Trade Commission. The deal will require...