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Google Press Releases |
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20th December, 2007
Federal Trade Commission Clears Google's Acquisition of DoubleClick
Federal Trade Commission Clears Google's Acquisition of DoubleClick
MOUNTAIN VIEW, Calif. (December 20, 2007) – Google (NASDAQ: GOOG) today welcomed the U.S. Federal Trade Commission's clearance of its planned acquisition of DoubleClick Inc., a premier provider of display ad serving technology and services. Google announced in April 2007 a definitive agreement to acquire the company for $3.1 billion in cash from San Francisco-based private equity firm Hellman & Friedman along with JMI Equity and management.
"The FTC's strong support sends a clear message: this acquisition poses no risk to competition and will benefit consumers," said Eric Schmidt, Chairman and CEO, Google. "We hope that the European Commission will soon reach the same conclusion, and we are confident that this deal will deliver more relevant ads for consumers, more choices for advertisers, and more opportunities for website publishers."
The acquisition was approved earlier this year by the Australian Competition and Consumer Commission and was recommended for approval by one of three Brazilian regulatory agencies. Google cannot close the acquisition until the European Commission, which is still examining the transaction, grants clearance of the deal.
In its clearance opinion released today, the FTC explicitly rejected any current or potential competition concerns. Google and DoubleClick are complementary businesses and do not compete with each other. Google's current business primarily involves the selling of text-based ads, while DoubleClick's core business is delivering and reporting on display ads. DoubleClick does not buy ads, sell ads, or buy or sell advertising space. Rather, it provides technology to enable advertisers and publishers to deliver ads once they have agreed to terms, and to provide advertisers and publishers statistics relating to those ads.
The FTC's opinion also noted the robust competition in the online ad serving space, and Google's acquisition of DoubleClick is just one of several recent transactions that underscore this strong competition. In recent months, several major transactions in the online advertising space were announced, including Yahoo’s acquisition of Right Media; AOL’s acquisition of ADTECH AG and TACODA; WPP Group’s acquisition of 24/7 Real Media; and Microsoft’s $6 billion acquisition of aQuantive and acquisition of AdECN Inc.
While the FTC's opinion reaffirmed the law by noting that privacy concerns played no role in its merger review, Schmidt reiterated the company's commitment to user privacy ...
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13th December, 2007
Google Announces 2007 End-of-Year Zeitgeist
December 13, 2007
Google Announces 2007 End-of-Year Zeitgeist
Today, Google announced its 2007 End-of-Year Zeitgeist. This year's Zeitgeist reflects both the most popular and the fastest-rising global search terms that people have typed into Google.com ...
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12th December, 2007
Google Announces Launch of Google Toolbar 5
December 12, 2007
Google Announces Launch of Google Toolbar 5
Today we announced the latest version of Google Toolbar for Internet Explorer. The beta version is now available in US-English at http://toolbar.google.com/T5 ...
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11th December, 2007
Google announces Yann Arthus-Bertrand layer in Google Earth
December 11, 2007
Google announces Yann Arthus-Bertrand layer in Google Earth
Almost 500 photographs by French photographer and environmentalist Yann Arthus-Bertrand have been unveiled in Google Earth today ...
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7th December, 2007
UNICEF, One Laptop per Child, Google Launch Initiative to Preserve and Share Stories around the World
December 7, 2007
UNICEF, One Laptop per Child, Google Launch Initiative to Preserve and Share Stories around the World
UNICEF, One Laptop per Child (OLPC) and Google today announced the launch
of "Our Stories" (www.ourstories.org), a joint initiative to preserve and share
the histories and identities of cultures around the world by making personal
stories available online in many languages ...
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4th December, 2007
Google Announces launch of iPhone Application
Announcement
December 5, 2007
Google Announces launch of iPhone Application
Today, Google announced the release of a new iPhone application that integrates its multiple services into a single interface, making it easy for iPhone users to find, use and switch between Google search, Gmail, Calendar, Reader, and more ...
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30th November, 2007
Google Will Apply to Participate in FCC Spectrum Auction
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top Web property in all major global markets ...
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13th November, 2007
Postini Introduces New Email Content Policy Management Features
Email Administrators Can Now Manage Email Compliance Policies Easily with Sophisticated Content Analysis and Policy Administration Tools
SAN CARLOS, Calif. (November 13, 2007) – Postini, a global leader in on-demand communications security and compliance solutions today announced new content policy management capabilities to its Email Security service, including protection for social security and credit card numbers ...
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12th November, 2007
Google Announces $10 Million Android Developer Challenge
Challenge to Inspire Innovation and Improve Mobile Experience
MOUNTAIN VIEW, Calif. (November 12, 2007) – Google (NASDAQ: GOOG) today announced the Android Developer Challenge, which will provide $10 million to developers who build mobile applications for Android™, the first complete, open, and free mobile platform ...
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5th November, 2007
Industry Leaders Announce Open Platform for Mobile Devices
Group Pledges to Unleash Innovation for Mobile Users Worldwide
MOUNTAIN VIEW, Calif.; BONN, Germany; TAOYUAN, Taiwan; SAN DIEGO, Calif.; SCHAUMBURG, Ill. (November 5, 2007) -- A broad alliance of leading technology and wireless companies today joined forces to announce the development of Android, the first truly open and comprehensive platform for mobile devices ...
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