Corporate & Securities Law

FTC Closes Google-DoubleClick Investigation

By David Fischer

The FTC announced this morning that:

it will not seek to block Google Inc.?s proposed $3.1 billion acquisition of Internet advertising server DoubleClick Inc. In a 4-1 vote to close its eight-month investigation of the transaction, the Commission wrote in its majority statement that ?after carefully reviewing the evidence, we have concluded that Google?s proposed acquisition of DoubleClick is unlikely to substantially lessen competition.?

The FTC has also posted online the statment of the Commission, the Dissenting Statement of Commissioner Harbour, the Concurring Statement of Commissioner Leibowitz, the Closing Letter to Counsel for Google Inc., and the Closing Letter to Counsel for Hellman & Friedman Capital Partners V, LP (i.e., DoubleClick).

Full post as published by Antitrust Review on December 20, 2007 (boomark / email).