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US: Google seems in the clear over Waze buyout

 |  October 1, 2013

Sources told media that the US Federal Trade Commission will not likely open an investigation into Google’s $1.1 billion buyout of Israel-based mapping company Waze.

While Google confirmed the FTC approached the search company last June over the buyout, confidential sources say the watchdog has not raised concerns over the deal’s effect on competition.

The news seems to put Google in the clear from antitrust scrutiny following UK regulators’ announcement that a review of the buyout could be opened overseas.

The UK’s Office of Fair Trading made an agreement with Google that has Waze preserved as an independent business as regulators decide whether to probe the deal.

Full Content: Bloomberg

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