Sunday, March 23, 2008

Fexon Technology Ltd: Rumor: EU approval next week, Google plan to acquire DoubleClick

Fexon Technology Ltd say: People familiar with the situation a few days ago, said that he expected the EU regulatory body the European Commission unconditionally approved next week, Google will be 3.1 billion US dollars to buy advertising company DoubleClick.

This result is not surprising, because as early as in January this year, the European Commission decided not to formally object to the deal. The European Commission has never officially expressed his opposition to the views of the opposition under an agreement. Privacy advocates have opposed the agreement, saying it will allow the two companies unprecedented access to consumer information, and the European Commission said that the protection of privacy is not considering merger of its problem areas. (Fexon Technology Ltd)

Approval of the merger agreement will make Google in the field of pay-per-click advertising network and DoubleClick's dominance in the field of image ads combine market-leading position. In December last year, the United States Federal Trade Commission has approved the proposed acquisition agreement, in the past six years, the EU has never opposed the regulatory approval of the merger.

The merger of the Internet advertising industry is also part of the consolidation. Before Microsoft to 6 billion US dollars purchase of aQuantive, Yahoo 300 million US dollars to buy a BlueLithium, the AOL Time Warner's acquisition of Tacoda, but did not disclose the purchase price.(Fexon Technology Ltd)