FTC Approves Google's AdMob Buy
The Federal Trade Commission has approved Google’s acquisition of the mobile ad network AdMob, despite concerns over what the group termed “serious antitrust issues.”
Google agreed to buy AdMob last November for $750 million. But the deal was immediately held up by the FTC over concerns that Google might come to unfairly dominate the mobile ad space. What helped the commission come around were recent moves by Apple to push into the space, notably its acquisition of Quattro Wireless for $275 million.
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