Federal Trade Commission regulators said Thursday that Google's controversial $3.1 billion merger proposal with DoubleClick can proceed, despite earlier complaints raised by competitors and privacy advocates.
FTC regulators have been reviewing the proposed merger for months for possible antitrust violations, after Google announced plans in April to acquire the online ad serving company.
"After carefully reviewing the evidence, we have concluded that Google's proposed acquisition of DoubleClick is unlikely to substantially lessen competition" in the online advertising space, the commissioners wrote in their majority statement.
The vote was 4-1, with Commissioner Pamela Jones Harbour issuing … Read more