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EU To Probe Google Deal

First Posted: 03/28/08 03:45 AM ET Updated: 05/25/11 01:15 PM ET

Google Eu

BBC News:

European Union regulators have launched an in-depth investigation into Google's $3.1bn (£1.5bn) takeover of online advertising firm DoubleClick.

The EU Commission said its initial probe had shown the deal would raise competition concerns.

It has set itself a deadline of 2 April 2008 to reach a decision.

Google said it would work with the Commission to show how the acquisition would benefit publishers, advertisers and consumers.

Read the whole story: BBC News

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Filed by Michelle Kung  |