Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 9:47:59 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

FTC Okays Google’s DoubleClick Buy

Posted Dec 20, 07 10:11 AM CST in Technology,  Business 

(Newser) – The FTC voted 4-1 to approve Google’s purchase of DoubleClick, despite months of lobbying against the deal on privacy and antitrust grounds. The commissioners concluded that the deal "is unlikely to substantially lessen competition,” PC World reports. The $3.1-billion deal has been fought tooth and nail by Microsoft and other competitors since the search-ads leader revealed its agreement to buy the display-ads leader in April.

The commission said last month it would review only antitrust and not privacy concerns in the matter. Yet today’s statement said the latter issues were “not unique” to these players. Google has said it won't close until gaining approval from the European Commission, the Journal adds, which has an April deadline for its review.

Sources PC World, Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • After Yahoo, Microsoft Amps Up Search Effort

    Jul 24, 08 4:21 PM CDT
    After Yahoo, Microsoft Amps Up Search Effort CEO Steve Ballmer is spinning Microsoft’s failure to acquire Yahoo expertly, telling analysts today that, unburdened by the search giant, the company can be more frisky and adaptable in its fight with nemesis Google, the Wall Street Journal reports. Actions might speak louder than words, though: Microsoft announced yesterday it would give the leader of its online efforts the boot, and restructure. More »

  • An Independent Yahoo Is Hard to Imagine

    Jul 23, 08 12:09 PM CDT
    An Independent Yahoo Is Hard to Imagine Yahoo’s earnings report yesterday didn’t portend an immediate turnaround, Catherine Holahan writes in BusinessWeek, meaning the company must do something to meet the “grandiose claims” it made in rejecting Microsoft’s bid. Some still see Yahoo ultimately taking that path, and expanding its deal with Google is another option that might justify Yahoo standing firm on its third-quarter and yearly forecasts. More »

  • Mixed Note Caps Big Week

    Jul 18, 08 3:23 PM CDT
    Mixed Note Caps Big Week The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point dive, settling at 2,282.78, while the S&P 500 gained 0.36 to1,260.68. More »

  • Tech Firms Buoyed by Demand Abroad

    Jul 18, 08 8:53 AM CDT
    Tech Firms Buoyed by Demand Abroad The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the Internet and cell phones enjoy wider use in the developing world. More »

  • Sparks Fly as Yahoo, Microsoft Take to Hill

    Jul 16, 08 11:08 AM CDT
    Sparks Fly as Yahoo, Microsoft Take to Hill Congressional hearings on Yahoo's proposed ad deal with Google got a little heated yesterday, with a Microsoft lawyer testifying that Yahoo CEO Jerry Yang recently admitted, in a private meeting, that the pact would reduce competition, the Los Angeles Times reports. Yahoo’s general counsel said he recalled no such remarks at the meeting, and a spokesman later swatted the charge aside. More »

DoubleClick co-founders   (Getty Images)
Exhibitors of the Google company work in front of a illuminated sign at the industrial fair Hannover Messe in Hanover, Germany,in this April 17, 2007 file photo. The Federal Trade Commission has opened...   (Associated Press)
A Google sign inside Google headquarters in Mountain View, Calif. is seen in this May 30, 2007 file photo. Confirming its long-rumored foray into the cell phone market, Google Inc. will give away a software...   (Associated Press)
  (Getty Images)
« Prev« Prev | Next »Next » Slideshow

Threads (1 of 3)

Tags

Google  • Microsoft  • DoubleClick  • European Commission  • FTC


Loading...

Loading...

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »