FTC Says It Won't Block Google's AdMob Deal

The U.S. Federal Trade Commission won't block Google's $750 million acquisition of mobile advertising vendor AdMob because the deal isn't likely to harm competition in the emerging mobile advertising market, the agency said. Google's acquisition of AdMob, announced in late 2009, combines the two leading mobile advertising networks in the U.S., raising "serious antitrust concerns," the FTC said in a statement.

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