“Microsoft said yesterday that Google’s proposed purchase of Internet advertising company DoubleClick raises antitrust and privacy concerns that deserve careful review by authorities,” Sam Diaz reports for The Washington Post.
“Executives at the software giant said they talked over the weekend with AT&T, AOL and Yahoo about similar concerns. Microsoft had bid for DoubleClick but lost to Google,” Diaz reports.
Diaz reports, “The $3.1 billion acquisition, announced late Friday, would combine the largest providers of online advertising and create a dominant force, Microsoft said. ‘By putting together a single company that will control virtually the entire market… Google will control the economic fuel of the Internet,’ said Brad Smith, general counsel for Microsoft.”
“A Google spokesman defended the deal, saying in an e-mailed statement that ‘we do not believe this acquisition is anti-competitive, as it promotes a vibrant, healthy market for online advertising,'” Diaz reports.
Full article here.
MacDailyNews Take: Laughing… too… hard… to… type!
[Thanks to MacDailyNews Reader “elija” for the heads up.]