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US: FTC launches probe into Google buyout of Waze

By  |  June 24, 2013

The Federal Trade Commission has launched a formal investigation of Google’s buyout of mapping phone application Waze, the search giant has confirmed. The news will likely come to the approval of Google’s rivals, which have called for a review of the buyout in recent weeks. The deal, made for $1.1 billion, has earned criticism from some that argue it limits consumer choice within the mapping application sector.

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