FTC To Conduct Antitrust Review Of Google Over $1.1 Billion Waze Deal (GOOG)

Google has been contacted by the Federal Trade Commission over their $1.1 billion purchase of mobile mapping app Waze -- sparking off an antitrust investigation into whether the deal would have adverse effects on competition in the marketplace, The Wall Street Journal reports. The search giant edged out Facebook to purchase the Israeli startup on June 11. In Google's official announcement, they wrote of enhancing Google maps with Waze's traffic update features, as well as using it to improve Goo...