FTC Closes Probe Into Google's $1B Waze Buy

Law360, New York (November 6, 2013, 1:31 PM EST) -- The Federal Trade Commission has dropped its inquiry into whether Google Inc.'s $1 billion acquisition of traffic mapping and navigation startup Waze Inc. would be anti-competitive by further strengthening the search giant's dominance in the market for mobile-device map apps, Google confirmed Tuesday.

Mountain View, Calif.-based Google learned last week that the FTC — which launched its probe into the deal in late June following complaints from a consumer advocacy group — would not stand in the way of the transaction, according to news reports. An FTC spokesman and a Google representative on Tuesday both declined to comment on the agency’s...

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