EU to Investigate Google Doubleclick Acquisition

the linux geek writes "Google is undergoing an investigation by the European Union for its $3.1 billion acquisition of internet advertiser DoubleClick. "We seek to avoid further delays that might put us at a disadvantage in competing fully against Microsoft, Yahoo, AOL and others whose acquisitions in the highly competitive online advertising market have already been approved," said Google boss Eric Schmidt. The United States' Federal Trade Commission has been reviewing the acquisition since May."

Comments

Re:Didn't knew Google was an EU company

[gravesb]

Generally, companies agree to be bound to a country's laws in exchange for the ability to do business there. If Google wants to do business in Europe, it must submit to its laws. All states have similar provisions in the US for companies based in one state, but wanting to do business in another.