Google-DoubleClick Clears First Hurdle In Australia

Law360, New York (October 31, 2007, 12:00 AM EDT) -- The Australian competition authority has decided not to intrude on Google Inc.'s proposed $3 billion takeover of Internet advertising firm DoubleClick Inc., becoming the first watchdog to bless the deal.

Less than two months after spearheading an investigation, the Australian Competition and Consumer Commission on Tuesday announced that the merger did not pose threats to the country's online advertising industry.

“In reaching its decision, the ACCC noted that Google and DoubleClick are not close competitors in the provision of ad servicing,” said Graeme Samuel, the commission's...
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