- Google (GOOG -0.5%) has provided U.K. regulators reviewing its acquisition of popular crowdsourced traffic/POI app Waze a list of proposed remedies meant to address concerns the deal will hurt rivals in an online/mobile mapping market Google already towers over.
- Among other things, Google promises Waze will remain an independent business with a separate IT infrastructure, and will honor its existing deals with third parties. The Web giant also promises no business secrets or IP shall be transferred between Waze and Google proper, save for unique circumstances.
- However, there's no promise not to integrate Waze's data with Google Maps; Google began doing this last month.
- The FTC is conducting its own investigation of the acquisition.
- Separately, an iPhone Google Wallet app has hit the App Store a couple days after Google gave Wallet a massive overhaul that makes it available to a far larger portion of Android users.
- Since no iOS device has an NFC chip, the iPhone Wallet app doesn't support NFC-based mobile payments (they haven't been too popular anyway). But it does support the money-transfer, loyalty card, and discount/coupon features recently added to the Android app; the features make the iPhone app a direct rival to Apple's Passbook.
Google proposes Waze remedies, rolls out Wallet iPhone app
Sep 19 2013, 13:23 ET