FTC Gives Go-Ahead to Google-DoubleClick Deal

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This just in: Google’s $3.1 billion merger with DoubleClick has been cleared by the Federal Trade Commission, which said it saw neither current nor potential competitive problems with the deal. Australia and Brazil have already cleared it as well, but Google cannot close the acquisition until the European Commission, which is still examining it, gives the OK.

Eric Schmidt, chairman and CEO of Google, in a statement said, “We hope that the European Commission will soon reach the same conclusion, and we are confident that this deal will deliver more relevant ads for consumers, more choices for advertisers, and more opportunities for website publishers.”

4 Comments

Dimitrios Matsoulis

Hi Om,

Judging by the European Commission’s recent actions this must be a worrisome hurdle for the merger. Recently Microsoft had to pay a huge fine and any company of such scale is in for a bumpy ride. But of course we will know soon…

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