Google's Waze purchase probed by OFT
By Shona Ghosh
Posted on 27 Aug 2013 at 14:13
The UK's competition watchdog is to probe Google's acquisition of Israeli mapping startup Waze.
Earlier this summer, Google announced it would buy Waze for $1 billion, after Apple and Facebook were floated as potential buyers. It emerged during the process that Microsoft had also secretly invested in Waze in an early funding round.
According to its brief statement, the OFT is checking whether the deal qualifies for a full investigation and inviting responses. The deal would have to meet several criteria, including Waze's UK turnover exceeding $70 million a year. Only then would the OFT investigate whether the acquisition will affect competition in the UK.
But this first probe could lead to a wider investigation, should the OFT find the deal resulted in a "substantial lessening of competition" in the UK. That could have one of three outcomes; the OFT could refer the investigation to the Competition Commission, ask Google to make concessions to meet competition rules, or it could clear the deal entirely.
Waze uses GPS information from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic updates. Google has already started integrating its technology into Google Maps, adding real-time updates on accidents, traffic jams or road closures on UK roads and abroad.
Is your business a social business? For helpful info and tips visit our hub.
Uses satellite signals?
Just to be pedantic, Waze can't use satellite signals from a smartphone, it uses the position reports generated by the GPS chip on the phone which received those signals.
By juliand2 on 27 Aug 2013
By shonaghosh on 28 Aug 2013
- Apple iPhone 6 and 6 Plus release date, price in UK and new features
- New Windows 9 videos show off multi-desktops and notification centre
- BT and mobile networks warn of rising cost of Scotland split
- How to remove the U2 album from an iPhone: iTunes antivirus tool launched
- Why Microsoft was forced to buy Minecraft
- How to check your identity hasn’t been sold to the hackers
- Tim Cook: this is how much TV has changed since the 70s
- Westminster wins the .London battle
- 20 years of PC Pro: from deep pan pizza to virtualisation
- Five reasons why the Apple Watch leaves me cold
- Apple Watch, iPhone 6 and 6 Plus: Tim Cook's Apple back with a bang?
- BT Home Hub 5: how to get maximum speed
- 20 years of PC Pro: one-star reviews (including "the worst tablet we've ever seen")
- 20 years of PC Pro: our best covers
- Why we've closed the PC Pro forums
- How to sell more ebooks on Amazon
- 10 ways to make your business more secure
- Top five VoIP mistakes
- How to add in-app purchasing to an iPhone, Android or Windows app
- Remote-control ransomware: TeamViewer and software hardball
- Why laptops with serial ports matter to the Internet of Things
- Make your mobile battery last longer
- Small steps into handling Big Data
- Nexus 5: does it really run stock Android?
- How to get broadband to a garden office