Business
2:46 am
Tue June 25, 2013

Business News

Originally published on Tue June 25, 2013 9:10 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a Google deal that's under scrutiny.

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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. Transcript provided by NPR, Copyright NPR.