Regulators Scrutinize Google's Deal With Waze
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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.