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Israel: After FTC clearance, no more smooth sailing for Google, Waze deal

By  |  October 3, 2013

While the US Federal Trade Commission is reportedly planning to clear Google’s recent buyout of mapping application Waze, the deal may not meet the same fate in Israel, say reports.

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    The Israel Antitrust Authority launched a probe into the search giant’s acquisition of the Israel-based company Wednesday, reportedly to determine whether the buyout should have been notified to regulators beforehand.

    The probe will also look into whether the deal leads to a monopoly within Israel.

    Google completed its nearly $1 billion buyout of Waze last May, though Waze operations have largely remained within Israel.

    Local reports say authorities are now requesting information from both Google’s Israel manager as well as Waze Israel’s CEO.

    Full Content: JTA.org

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