World’s largest internet advertising Google is now facing the last min hurdle before completing the buyout of Admob. The Federal Trade Commission (FTC) has asked for more information about Google’s plans to buy Admob, a company specializing in ads for small screens.
This is not the first time Google has to go through the federal scanner. Google had previously bought “DoubleClick” in a landmark deal. This deal took months for an approval. So both parties will be hoping this one takes much time.
Trade commission verifies such deals to make sure some companies do not forcibly gain monopoly of the market by buying out their competition.
Google’s group product manager Paul Feng is of the opinion that “”Closer scrutiny has been one consequence of Google’s success” and he assures that there are no regulatory issues involved.
Popularity: 92% [?]
