Senator Says Google Deal Merits Scrutiny
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WASHINGTON -- The chairman of a Senate antitrust panel said Thursday that Google Inc.'s proposed $3.1 billion acquisition of online advertising firm DoubleClick Inc. "warrants close examination" by federal regulators.
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A US congressional subcommittee is investigating Google Inc.'s $3.1 billion purchase of online advertising company DoubleClick Inc. , the panel's chairman said.
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Internet giant Google said Sunday it finds "troubling" Microsoft's multi-billion-dollar bid to acquire rival Yahoo and urged US and international regulators to strenuously vet the proposed deal.
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Google has responded to a U.S. congressman&#39;s series of questions about its privacy practices, with the company defending its use of consumer data.
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SEOUL, South Korea -- Google Chairman Eric Schmidt said Wednesday that U.S. regulatory approval of his company's proposed acquisition of DoubleClick will not be hindered by concerns over privacy.
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TechWeb - The Senate asks consumers and companies to work together and protect themselves from the dangers of the Internet.
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The Inquiry focuses how the N.Y. Senate majority leaderâs private business dealings may relate to his position.
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Google Inc. has hired a former Justice Department official to lobby the federal government on its proposed $3.1 billion acquisition of DoubleClick Inc., which is being reviewed by antitrust regulators.
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Saying they didn't really know whether or how they might merge their own data with that collected by the company they're paying $3.1 billion to get, Google defended its proposed DoubleClick acquisition to Texas congressman Joe Barton.
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The US Congress Judiciary Committee will hold a hearing next week to scrutinize Microsoft's multi-billion-dollar bid to acquire Yahoo in order to take on Internet goliath Google.
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U.S. Federal Trade Commission Chairman Deborah Platt Majoras is consulting with the agency's ethics officer to see if she should recuse herself from a review of Google's planned acquisition of online ad network DoubleClick.
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A committee that deals with antitrust issues plans to look into the proposed $3.1 billion merger next week. The search giant and its rivals, Microsoft and Yahoo, are expected to testify.
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Google is finding itself increasingly having to explain its planned acquisition of DoubleClick, and is now being asked to testify in September as part of a broader Congressional inquiry into advertising industry consolidation.
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Google's claims that Microsof's Vista desktop search violates its antitrust agreement could be difficult to prove.
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(InfoWorld) - A U.S. House of Representatives subcommittee has opened an investigation into Google'sÂ proposed $3.1 billion acquisitionÂ of online advertising seller DoubleClick. The House Energy and Commerce Committee's Subcommittee on Commerce, Trade and Consumer Protection will look into the "far-reaching privacy and competition issues raised by the proposed acquisition," Representative Bobby Rush, the subcommittee chairman, said in a statement. Rush informed the U.S. Federal Trade Commission of the investigation in a letter sent Tuesday. In May, the FTC opened its own investigation into the proposed acquisition. The subcommittee will seek to host a hearing on the acquisition later this year, Rush said in the letter. Consumer groups haveÂ raised concernsÂ that the combined company would be a threat to privacy. In April, the Electronic Privacy Information Center, the Center for Digital Democracy and the U.S. Public Interest Research GroupÂ asked the FTC to blockÂ the merger unless it obtains guarantees from Google and DoubleClick that they will protect Internet users' privacy. The groups want Google to destroy all cookies and other persistent identifiers resulting from Internet searches that are or could be personally identifiable once a user terminates a session with Google. Other groups have raised concerns about the acquisition's effect on competition in the online advertising market. Rush, an Illinois Democrat, shares those concerns, he wrote to the FTC. "The subcommittee takes very seriously the protection of consumer privacy," he added. Google said in a statement issued Thursday that it was confident the FTC will conclude the acquisition "poses no risk to competition." The Senate Judiciary Committee is also planning hearings on the online advertising space, including recent acquisitions by MicrosoftÂ and Yahoo, according to a source familiar with the hearing plans. Â
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Lawmakers say the deal may pose a threat to national security.
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US regulators begin examining Google's planned takeover of internet advertising specialist Doubleclick.