Europe Signs Off On Google-DoubleClick Deal

The European Union has given the greenlight to Google's multi-billion dollar takeover of Doubleclick, saying that there will still be plenty of online ad competition.

The European go-ahead followed a similar decision by the U.S. Federal Trade Commission late last year. "Google is hoping to offer a fuller set of online-advertising offerings and capitalize on DoubleClick's relationships with Web publishers and advertisers to sell ads on behalf of more sites, with Google taking a commission," the Wall Street Journal reported.

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