Past News - CIOInsight
Home arrow Past News arrow EU to OK Google-DoubleClick Deal
RECENT NEWS



CIO STRATEGY
The Perfect IT Book for the Business?

Parkinson needs a book that explains IT to the business. Got any suggestions?    

  Past News


EU to OK Google-DoubleClick Deal



By Reuters


Merger to get approval despite Microsoft's strong objections.  

Rate This Article:
Add This Article To:

Google is expected to receive unconditional approval from European Union regulators next week for its $3.1 billion takeover of ad firm DoubleClick, people familiar with the situation said.  

The approval has long been expected because the European Commission decided in January not to object formally to the transaction. The Commission, the EU's top competition watchdog, has never rejected a deal without sending formal objections.

 

Privacy advocates have objected to the deal, saying it would give the two firms unprecedented access to information about consumers. The Commission has said privacy considerations are outside the scope of its authority over mergers.

 

The deal would combine Internet search engine giant Google's dominance in pay-per-click Web advertising with DoubleClick's market-leading position in flashier display ads.

 

The planned acquisition won approval from the Federal Trade Commission in December. For the past six years, the EU has never rejected a merger approved by U.S. authorities.

 

The merger is part of a consolidation within the Internet advertising industry.

 

Microsoft bought aQuantive for $6 billion, Yahoo Inc acquired BlueLithium for $300 million and Time Warner Inc's AOL unit bought Tacoda for an undisclosed amount.

 

test





 
 
>>> More Past News Articles          >>> More By Reuters
 


FEATURED SPONSORED VIDEOS

FEATURED SPONSORED ARTICLES

Erasable E-Paper Saves Trees, Cuts Costs

Why Smart Companies Should Adopt the Lessons of Gaming

Interest in Mobile WiFi Hotspots Fuels New Solutions

A Closer Look at Public Cloud Security

View More Articles

  Brought to You By
Click Here




EDITORS' PICKS

LATEST STORIES


Advertisement
FEEDBACK
Ziff Davis Enterprise RSS Feeds

Sponsored Links
  • Get up and running in as quickly as 30 days with BI. Learn how today.

  • FREE Securing Smartphones & Tablets for Dummies Book from Sophos
  • 77% of the Fortune 500 Manage Content Securely with Box.
  • Leverage your virtual computing environment with Dell.
  • Build an IT Infrastructure That Delivers the Future
  • 5 New Technologies That Will Change Enterprise ITAdvertisement
  • eWEEK Quick LInks