FTC conducting preliminary inquiry of Google's Waze acquisition
San Francisco: Antitrust regulators are conducting a preliminary inquiry into Google Inc's(GOOG.O) recent acquisition of online mapping service Waze, according to a person with knowledge of the matter.
The inquiry by the U.S. Federal Trade Commission has not reached the level of an investigation and Google is complying voluntarily, the source said.
Google paid just over $1 billion in cash to acquire Israel-based Waze earlier this month, sources familiar with the matter have told Reuters. Google was able to close the deal without U.S. regulatory approval because Waze's revenue and assets in the U.S. were below the $70.9 million threshold required for antitrust review.
The four-year-old Waze has 47 million users but has only recently begun efforts to generate revenue from its service. Waze uses satellite signals from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic info.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 40999
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.23Views: 40999
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 8150
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 2614
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2207
Date 40 mins ago
Tooltip Information:Narendra Modi's couture basks in all glories of Indian fashion designersVideo by:Description: New Delhi, July 23 (ANI): After making a style statement at the BRICS summit in Brazil with his sartorial taste, Prime Minister Narendra Modi topped the wish list of fashion designers who would like to dress him up for his high profile visit to the United States where he is due to hold a dialogue with President Obama. Top designers and stylists have hailed the way Modi turns out and his sense of style. Ace fashion designer, Leena Singh, said that she just loves his style because he truly projects the image of our nation. She added he comes across as a man with plenty of dynamism and capability to take the country forward. Another top designer of India, Ashima Singh, said she thinks his style is very original and fresh, because it is just like his style of governing, which is innovative and at the same time, very practical.Rating: 4Views: 0
Date 3 hrs ago 2:14
Tooltip Information:Fishermen in Kerala demand separate ministry to redress their issuesVideo by:Description: A fishermen forum from Kerala conducted a signature campaign demanding Narendra Modi-led government for a separate ministry to monitor issues related to fisherfolk. BJP leader O Rajagopal kick-started the campaign, urging central government to take back permits to foreign vessels to fish in Indian seas as it would affect country's fishermen. President of National Fishworkers' Forum in Thiruvananthapuram, T Peter, said they would hold a national level meeting to create an action plan against the Modi government, if their demands were not met. Meanwhile, Peter said Modi's Bharatiya Janata Party did not fulfill its promises made in the manifesto of creating a separate ministry.Rating: 4Views: 2