FTC Clears Google's DoubleClick Buy
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Google took a step closer to its acquisition of online advertising server DoubleClick on Thursday, when the U.S. Federal Trade Commission (FTC) approved the sale. One major hurdle still remaining is approval by the European Commission.
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Federal Trade Commission has concerns over privacy issues and competition in Google's proposed $3.1 billion purchase of DoubleClick.
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Google filed with the European Union competition regulator on Friday for permission to buy rival DoubleClick for $3.1 billion, the European Commission said.
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The Federal Trade Commission today approved Google's $3.1 billion takeover of DoubleClick, a move that would marry the two kings of online advertising and raises alarms among privacy advocates and rival advertising companies.
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NEW YORK - DoubleClick, the online advertising and marketing company, has said it has appointed advisers to look at the possibility of selling off all or part of its business.
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Now that the pairing of online advertising industry giants DoubleClick and Google is receiving extra regulatory attention, both in the US and abroad, the question arises once again: Does a merger of two giants lead to the creation of a single behemoth that can carve out a lion's share of the Web audience for itself? One of DoubleClick's long-time competitors - Burst Media CEO Jarvis Coffin - believes it won't.
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Shares of DoubleClick (DCLK:Nasdaq - news - research) were among the best-performing technology stocks Monday, rising 14% after the company said it might put itself up for sale.
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Korean FTC acts The Korean Fair Trade Commission (KFTC) has told Google to rewrite sections of its AdSense contracts which empower Google to unilaterally cancel any deal, and are considered unfair under Korean law.â¦
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A European consumer group has complained that Google Inc.'s proposed acquisition of online ad broker DoubleClick Inc. could hurt privacy rights due to the massive amount of data the companies would hold.
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By KELLY OLSEN  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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Google's pending $3.1 billion acquisition of online ad-serving vendor DoubleClick will hurt consumers, according to two privacy groups opposed to the wholesale approval of the deal.
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The end of the line for an Internet icon? DoubleClick (nasdaq: DCLK - news - people ) on Monday said it has retained Lazard Freres to &quot;explore strategic options,&quot; including the sale of all or part of its business.
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The head of the Federal Trade Commission said Friday that she would not remove herself from an antitrust review of Googleâs purchase of the online advertising company DoubleClick.
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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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The U.S. Federal Trade Commission on Thursday approved Google's $3.1 billion purchase of DoubleClick, saying the much-criticized deal did not pose a threat to competition in Internet advertising.
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The Federal Trade Commission has opened a preliminary antitrust investigation into Google's planned $3.1 billion purchase of the online advertising company DoubleClick , an industry executive briefed on the agency's plans said yesterday.
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Communications regulators have cleared Google Inc  to bid in an upcoming auction of coveted wireless airwaves, according to auction documents released by the Federal Communications Commission on Monday.