US antitrust agency to check Google and Waze deal - mass media
The U.S. Federal Trade Commission (FTC) will check several deals to absorb small companies by large technology giants for compliance with antitrust laws. This is reported by Bloomberg. The FTC has required internal documents from Google, Facebook, Apple, Amazon and Microsoft to verify potentially anticompetitive acquisitions. Experts expect that the agency can check not only upcoming, but also already closed deals. Robert Litan, a former U.S. Department of Justice antitrust official, said the FTC would review several of Google's acquisitions, including the 2013 Waze deal. Then Google acquired the main competitor in the market of cartographic mobile applications for $1.1 billion. The head of the FTC Bilal Syed confirmed that the agency plans to review a number of transactions, but refused to give specific examples. As previously reported by the news agency, Google acquired Elastifile, an Israel-based startup specializing in cloud-based file storage technologies, in July 2019. The deal amounted to about $200 million.
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