While Google announce earlier this year its acquisition of Israel-based mapping mobile application Waze for $1.1 billion, assuring Waze would remain independent, smartphone users saw Tuesday the slow integration of the two with a new update to Google Maps now including real-time traffic reports courtesy of Waze. The same day, Waze updates also appeared with Google Search services and access to Google Maps Street View.
The two companies maintain there are no plans to fully merge following the buyout. Further, the US Federal Trade Commission continues to review the deal. According to reports, if a full-blown integration between Google and Waze were to occur, it would not do so until FTC has cleared the deal.
Full Content: Tech Hive
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI