Tue June 25, 2013
Originally published on Tue June 25, 2013 10:10 am
DAVID GREENE, HOST:
NPR's business news begins with a Google deal that's under scrutiny.
(SOUNDBITE OF MUSIC)
GREENE: The Federal Trade Commission is looking into Google's recent deal to acquire the map company Waze. The question is whether Google was trying to buy up a potential competitor. Waze, based in Israel, makes an app that uses crowd sourcing to provide real-time traffic data.
Google bought Waze for just over $1 billion. Consumer watchdogs complain that Waze was a strong competitor for Google Maps. Transcript provided by NPR, Copyright NPR.