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UK: OFT throws speed bump in path of Google, Waze

By  |  August 27, 2013

As Google slowly integrates recently-acquired mapping app Waze into Google Maps – despite earlier assurance the two would remain independent – the UK’s Office of Fair Trading announced plans to probe the deal and its effects on competition.

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    According to reports, the OFT will determine whether the buyout qualifies for a full-scale investigation as Google currently leads the market for navigation technology. If qualifications are met, including the requisite that Waze must exceed $70 million in annual turnover, the watchdog could refer the deal to the Competition Commission or require concessions from Google to appease any competition concerns found through the investigation.

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    Google acquired Israel-based Waze last June for $1 billion. In recent weeks, iPhone users saw their Google Maps application updated with integrated Waze services, including real-time traffic updates.

    Full Content: The Telegraph

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