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Regulators OK Google's Purchase Of Doubleclick

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First Posted: 12-20-07 02:21 PM   |   Updated: 03-28-08 02:45 AM

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Read More: Antitrust Market, Antitrust Suits, Doubleclick, Federal Trade Commission, Google, Business News
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AP:

U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc. Thursday, removing a key obstacle to a formidable combination in the burgeoning online advertising sector.

The transaction still faces substantial antitrust scrutiny from European regulators and cannot be completed without their approval. The European Commission has set a deadline of April 2 to finish its review.

The Federal Trade Commission appeared to accept many of Google's arguments that its online ad sales business doesn't compete with DoubleClick's ad-serving tools, saying its analysis "showed that the companies are not direct competitors in any relevant antitrust market."

Read the whole story: AP

U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc. Thursday, removing a key obstacle to a formidable combination in the burgeoning online advertising sector. ...
U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc. Thursday, removing a key obstacle to a formidable combination in the burgeoning online advertising sector. ...
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- rh654 I'm a Fan of rh654 14 fans permalink

GO _ GOOG _ GO

    Favorite    Flag as abusive Posted 03:36 PM on 12/20/2007
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