Google promises UK regulator that Waze will remain separate pending review

When Google acquired Waze, it said that it would keep the newly purchased company at arm's length. Well, we now know exactly how separate Waze will be, at least for the foreseeable future. Google has promised the UK's Office of Fair Trading that it won't touch Waze's business operations while the British regulator determines its authority over the deal. The search giant has also offered to warn if there are any substantial changes in staff, business plans or customer numbers for both itself and Waze. The terms may not last forever -- if the OFT decides to review the acquisition, it can reject Google's offer. For now, though, Waze will (mostly) remain a distinct entity.

Filed under: Internet, Google

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Via: Bloomberg

Source: Office of Fair Trading (PDF)