May 23, 2010

Google Gets U.S. Antitrust OK on AdMob Buy

Google Inc has won U.S. approval to buy mobile advertising rival AdMob, after months of delay and rumour that the No. 1 Internet search engine was headed for a court fight with government officials over the $750 million transaction.

The Federal Trade Commission's decision followed unusually public comments by app developers -- whose software for mobile devices are often supported or subsidized by advertising -- that the agency's staff seemed determined to challenge the deal.

The FTC said in a statement on Friday that it was concerned that two top mobile advertising networks were combining, but said Apple Inc's entry into the market would mitigate the effects of the Google/AdMob powerhouse.