Google CEO expects DoubleClick deal to close this year

Internet search leader Google is open to new acquisitions and remains hopeful it can close the $3.1 billion purchase of Web ad supplier DoubleClick by end-2007 despite a U.S. federal probe, its CEO said Wednesday.

"We're open to other (acquisitions) but there are no specific ones to announce," Google Chief Executive Eric Schmidt said at a news conference on the sidelines of the Seoul Digital Forum.

Schmidt reiterated Google's hope that it could complete the DoubleClick deal, which is currently the subject of an extended U.S. federal antitrust investigation.

"We are quite convinced that the proposed merger meets all appropriate U.S. laws," he said.

Microsoft and other Google rivals such as AT&T, have urged antitrust officials to examine the combination closely, saying it could give Google too much control over online advertising.

DoubleClick offers a digital marketplace that connects ad agencies, marketers and Web site publishers. It has more than 1,500 corporate clients.

Schmidt also said during a lecture Wednesday that Google was unlikely to buy a media content company.

View: news.com

Report a problem with article
Previous Story

No Vista for 2008 Beijing Olympics

Next Story

ASTRA32 1.53

2 Comments - Add comment