Tech Companies News Byte: FTC To Review Google's Waze Acquisition On Antitrust Grounds

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Tech Companies News Byte: FTC To Review Google's Waze Acquisition On Antitrust Grounds

Tech Companies News Byte: FTC To Review Google's Waze Acquisition On Antitrust Grounds
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Tech Companies News Byte: FTC To Review Google's Waze Acquisition On Antitrust Grounds

Wochit 1:07 mins

Google's $1.1 billion acquisition of social mapping startup Waze has drawn the attention of the Federal Trade Commission after all. The Wall Street Journal reports today that Google has been contacted by FTC lawyers intending to conduct an antitrust review of the acquisition. Google declined to comment but did confirm to the WSJ that it has been contacted by the FTC over the deal. One of Steve Jobs' first computers might sell for more than $500,000 at a Christie's auction. The Apple 1 original list price was $666 and got you a pre-assembled motherboard but no casing, keyboard or monitor. Google's chief legal officer said "we're not in cahoots with the NSA" as the company stepped up its efforts to reassure customers that their gmail and Internet browsing history are safe from government prying." "There is no free-for-all, no direct access, no indirect access, no back door, no drop box."

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