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July 19, 2007
Google-DoubleClick Deal Faces Congressional Scrutiny
Google execs will be called to defend the potential $3.1 billion acquisition of DoubleClick before both House and Senate Subcommittees, according to the New York Times. A subcommittee of the Senate Judiciary Committee and a House Energy and Commerce Committee subcommittee on consumer protection are each planning to call a hearing to explore the antitrust and privacy issues.
The deal is already being looked at by the Federal Trade Commission (FTC), which has opened a preliminary antitrust investigation, which telecom analyst Scott Cleland expects to end badly for Google.
Posted by Kevin Newcomb on July 19, 2007 12:14 AM
