March 12, 2008

European Commission Approves Google-Doubleclick Merger, But Privacy Questions Remain

European regulators on Tuesday approved Google’s acquisition of DoubleClick, a significant player in the $37 billion online advertising business, brushing aside complaints that the combination would allow Google to extend its Internet dominance. Shortly after, Google announced that it had closed the $3.1 billion acquisition and said the integration of the two companies may result in some job cuts.

Europe Backs Google Bid to Acquire DoubleClick, New York Times, March 12, 2008.