U.S. government investigating Google after announcing purchase of Israeli company ‘Waze’By Mason White 5:45 PM June 23, 2013
By: Ryan Lee Hall
(Scroll down for video) The U.S. government decided to launch an investigation into web giant Google after the company has announced that it is purchasing the Israeli mapping company “Waze”, the government said in a statement.
Google Inc., the owner of the largest search engine in the world, confirmed that he has been contacted by the U.S. Federal Trade Commission with respect to the acquisition of mapping-application Waze.
Google said this month it was buying Waze in a deal that will give it new tools to help users navigate traffic with smartphones.
Google is facing regulatory scrutiny worldwide as it expands its product line and moves into new areas such as mobile technology.
The company fought for regulatory approval in the U.S. and other countries for its $12.4 billion acquisition of phone-maker Motorola Mobility, which became part of Google last year.
The Waze purchase was valued at about $1.1 billion, a person familiar with the matter said earlier this month.Mobile video not loading? Click here to view