U.S. antitrust regulator approves Google-AdMob deal
Monday, 24 May 2010, 16:02 IST   |    1 Comments
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U.S. antitrust regulator approves Google-AdMob deal
New York: The U.S. antitrust regulator has given Internet search engine Google the nod to acquire mobile display ad technology provider AdMob, saying the buyout is unlikely to "harm competition" in the market. The two companies have a significant presence in India. The Federal Trade Commission (FTC) said it had closed its investigation of Google's proposed USD 750 million acquisition of AdMob after reviewing the deal and concluding that it is unlikely to harm competition in the emerging market for mobile advertising networks, it said in a statement on Friday. The regulator said it was concerned that two leading mobile advertising networks were combining, but technology titan Apple Inc's entry into the business would lessen the effects of the Google-AdMob deal.
Source: PTI
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