Dec-26th-2009

The Federal Trade Commission requested additional information on Google, AdMob Trading

U.S. Federal Trade Commission has asked Google to provide more information and to apply the acquisition AdMob prior to final approval of the transaction.

Google disclosed in a “second request” in the blog Wednesday afternoon, he said: “Although this means that we will not soon end, we believe that the U.S. Federal Trade Commission will conclude that the growing mobile advertising space will be remain highly competitive, after the completion of the transaction. and we will work closely, and cooperate with them, they continue to review. ”

When Google first disclosed its plan early in November to obtain a leading provider AdMob mobile advertising services for 750 million U.S. dollars, it said it expects the federal government take a look at the deal. Google even prepared a special web page for the media and regulatory bodies to explain why it believes the transaction poses no competitive threat, which is to become a standard practice, in Google, because it involves additional consideration of government.

However, the second request can push the Google initial expectations, the deal can close the “In the next few months,” although this is a terrible statement and a lot of room for maneuver. Google is also facing delays of its proposed acquisition of On2 technologies, it seems it is difficult to obtain the necessary number of shareholder votes in favor of the transaction.

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