Submitted: May 14, 2010 - 3:14pm
Originally published: May 14, 2010
Last updated: May 14, 2010 - 3:15pm
Originally published: May 14, 2010
Last updated: May 14, 2010 - 3:15pm
Source:
Business Insider
Author:
Henry Blodget
Location:
Google, 1600 Amphitheatre Parkway, Mountain View, CA, 94043, United States
If Bloomberg's reporting is accurate--and Google isn't denying it--Google will have to pay mobile ad startup AdMob $700 million in cash if the Federal Trade Commission rejects the deal. That's a mind-boggling number, considering that the purchase price is $750 million. But Google was apparently dumb enough to agree to it. So it's AdMob's gain. But if you're AdMob, are you really rooting for the FTC to approve the deal? Hell, no! You want the FTC to reject the deal. Because then you get $700 million in cash AND you get to keep your company.
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