Google’s AdMeld Deal Said to Win U.S. Antitrust Recommendation


Source: Bloomberg
Coverage Type: reporting
Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States

Google’s $400 million acquisition of AdMeld has been recommended for antitrust approval by Justice Department staff attorneys, two people familiar with the matter said.

The staff urged approval after a detailed analysis found that AdMeld’s competitors in online display advertising were strong enough to offer companies alternative ways to advertise, one of the people said. The recommendation still must be approved by senior department officials, said both of the people, who didn’t want to be identified because they weren’t authorized to speak about the matter publicly. The recommendation contrasts with the department’s reservations about Google’s purchase of ITA Software Inc. In that case, the department required oversight of Google’s actions before giving approval because government attorneys determined online travel agencies that used ITA’s software, which aggregates flight information, didn’t have many alternatives.

Ratings

Recommendation:
2
Informative:
0
Accuracy:
0

Login to rate this headline.