To stave off complaints from the European Union, Google has sought the blessing of competition regulators there to go through with its acquisition of DoubleClick. A Reuters report cited a company representative on this development:
The Commission set a review deadline of October 26, by which time it could approve the deal, give a two-week extension or open an in-depth, four-month investigation.Google has a date next week with US lawmakers over the deal. A Senate Judiciary subcommittee will host Google and its detractors at a hearing on September 27th."We are asking the European Commission to look at the proposed acquisition. We believe this deal is positive for both users and advertisers and fosters competition," Julia Holtz, Google's competition counsel, told Reuters.
The Federal Trade Commission also plans a separate town hall meeting on the purchase. Their event takes place November 1st and 2nd in Washington DC.
Retailers Panic Over Google Site SearchSenate Prepares Grill For GoogleBeating The Unbeatable GoogleEU Extends Google, DoubleClick ReviewGoogle, DoubleClick Get FTC ApprovalEU Lengthening Probe Into Google, DoubleClickGoogle's Acquisition of DoubleClick CompleteDo Not Follow Google's MistakesFTC Gives Google, DoubleClick Thumbs UpGoogle Tells EU Of Devotion To Privacy
Comments
Post new comment