Tags: US | TEC | FTC | Google | AdMob

FTC Clears Google Purchase of Mobile Ad Service

Friday, 21 May 2010 12:49 PM

Federal regulators are clearing the way for Google to buy a mobile ad service called AdMob. Regulators concluded that the $750 million deal is unlikely to harm competition in the emerging market for advertising on wireless devices.

The Federal Trade Commission says that while the deal raises serious antitrust issues, those concerns are overshadowed by Apple Inc.'s push into the market, too. Apple bought another online mobile ad leader, Quattro Wireless, for an undisclosed amount in January.

Friday's FTC approval paves the way for Google to extend its dominance of Internet marketing into the wireless arena.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved