"We feel that we are the only reasonable competition to them in this market of creating maps that are really geared for mobile, for real-time, for consumers, and for the new world we’re moving into.” That was Waze CEO Noam Bardin back in April speaking about Google.
Two months later Google would purchase Waze for $1.1 billion. But it seems the Federal Trade Commission doesn't fully approve of the recent acquisition. As All Things D reports:
Not only does it remove a potential competitor from the mapping space, it consolidates a ton of mapping data in Google’s hands, further extending the company’s dominance. Could that be harmful to competition and consumers? That’s what the FTC hopes to determine.
[via AllThingsD]
