FTC to cast an eye over Google’s Waze buy

http://en.wikipedia.org/wiki/Waze

Google’s acquisition of Israeli mobile navigation app vendor Waze is going to get an anti-trust examination by the FTC.

Earlier this month, Mountain View’s acquisition team flipped open the wallet to the tune of $US1.3 billion for the social map app, its sub-$US70 million revenue, and its claimed fifty million users. When the Chocolate Factory made its buy, Waze was also attracting the interest of Apple and Facebook.

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Story added 24. June 2013, content source with full text you can find at link above.