Daniel Farey-Jones
May 13, 2010

Sorrell calls for scrutiny of Google's AdMob acquisition

Google's $750m acquisition of mobile advertising company AdMob should be given a "rigorous" going over by regulators, WPP boss Sir Martin Sorrell has said.

Sorrell calls for scrutiny of Google's AdMob acquisition

Google's $750m acquisition of mobile advertising company AdMob should be given a "rigorous" going over by regulators, WPP boss Sir Martin Sorrell has said.

The US regulator, the Federal Trade Commission, has been examining the deal, but is yet to announce whether it is to launch a formal investigation. 
 
Speaking to reporters at the World Economic Forum on Europe in Brussels yesterday 10 May), Sorrell said: "It (a regulatory investigation) should be rigorous."
 
The WPP chief executive criticised the FTC's approval of Google's $3.1bn acquisition of online display advertising company DoubleClick in 2008.
 
"I don't think in the case of DoubleClick it was deep enough and strong enough," said Sorrell.
 
The FTC concluded that the DoubleClick deal was unlikely to substantially lessen competition. 
 
Google, which agreed the AdMob deal in November last year, has previously said it is "confident the FTC will conclude that the rapidly growing mobile advertising space will remain highly competitive after this deal closes".

 

Source:
Campaign India

Follow us

Top news, insights and analysis every weekday

Sign up for Campaign Bulletins

Related Articles

Just Published

1 hour ago

Zen Diamond’s four-act launch outruns the celebrity ...

A phased rollout amplified brand ambassador Jennifer Lopez’s film organically, clocking 30,41,862 impressions and 85,209 engagements beyond the usual endorsement spike.

2 days ago

OpenAI hires creative leadership from Google and Apple

Julia Hoffmann and Andrew McKechnie join the ChatGPT parent in new roles.

2 days ago

Why L’Oréal’s CMO is betting on startups to keep ...

To maintain its leadership in the rapidly evolving beauty tech space, L’Oreal is partnering with startups to accelerate innovation, deliver personalised beauty experiences, and pioneer new technologies.

2 days ago

Schneider Electric’s case for being a local global ...

Global marketing director Richa Khera explains how the India-born ‘Green Yodha’ platform scales globally by tightening cultural guardrails and letting employees, not brand scripts, carry sustainability narratives.