The approval leaves the
European
Commission as the last hurdle still facing the $3.1bn purchase of
DoubleClick from a San Francisco private equity firm.
Advertisement
"The FTC's support sends a clear message that this acquisition poses no risk
to competition and will benefit consumers," said Google chairman and chief
executive Eric Schmidt. "We hope that the Commission will reach the same
conclusion."
Google announced its intention to purchase DoubleClick in April, but the deal
drew the attention of regulatory agencies worldwide.
Privacy groups, along with rival
Microsoft,
petitioned
against
the acquisition, arguing that it would give Google a huge database of
customer information that would threaten user privacy.
The Commission declined to address the privacy concerns, saying that its
interest in the deal was limited to antitrust matters.
The Commission did note, however, that the privacy concerns were not limited
to Google and "extend to the entire online advertising marketplace".
Although the FTC did not rule on the privacy implications,
Sterling
Market Intelligence founder and principal analyst Greg Sterling expects the
European Commission to pick up where the US left off.
"I would guess that the Europeans will force Google to take some concrete
measures on privacy as a condition of approving the deal, if it is to be
approved," Sterling wrote in an article posted to a company blog.
The Commission is due to make its decision on the deal by 2 April 2008.
Comments
Have your say on this article