Tuesday, February 5, 2008

Google-DoubleClick Acquisition Still Catches Attention

The news of Google's taking over of online advertising company 'DoubleClick' had hardly settled down, when Microsoft's unsolicited bid for Yahoo, had created yet another storm in the international online industry. But that does not put Google's acquisition out of focus. According to DowJones newswires, "the European Union's antitrust regulator has prepared a draft 'statement of objections' to Google Inc.'s planned $3.1 billion takeover of DoubleClick." The 'statement of objections' is not yet issued, and till that time, it is kept confidential.

This, however, does not mean that EU has plans to block the deal between Google and online advertising company 'DoubleClick'. Yet, it would impose conditions or ask Google for a compromise in the deal it has up its sleeves.

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