FTC Clears Google's Acquisition of DoubleClick

The U.S. Federal Trade Commission has cleared Google Incorporated of its planned acquisition of DoubleClick Incorporated. In April 2007, the search giant announced plans to acquire the provider of display ad serving technology and services for $3.1 billion in cash from San Francisco-based private equity firm Hellman & Friedman along with JMI Equity and management. The acquisition was approved earlier this year by the Australian Competition and Consumer Commission and was recommended for approval by one of three Brazilian regulatory agencies.  Google cannot close the acquisition until the European Commission, which is still examining the transaction, grants clearance of the deal. Read full story...

 


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