Google Closes Acquisition of DoubleClick

March 11th The European Commission has cleared the proposed $3.1 billion USD acquisition by Google Inc. of the online advertising technology company DoubleClick. On Apr. 13, Google announced that it would pay $3.1 billion for DoubleClick and was vying for the purchase with Microsoft. (BusinessWeek.com, 4/3/07, “Google vs. Microsoft: Vying for DoubleClick”) - Here we go folks!

This announcement from Google was just released!

MOUNTAIN VIEW, Calif., (March 11, 2008)– Google Inc. (NASDAQ: GOOG) announced today that it has completed its acquisition of DoubleClick, a company that offers online ad serving and management technology to advertisers, web publishers and ad agencies.
Eric Schmidt, Google’s Chairman and Chief Executive Officer, said, “We are thrilled that our acquisition of DoubleClick has closed. With DoubleClick, Google now has the leading display ad platform, which will enable us to rapidly bring to market advances in technology and infrastructure that will dramatically improve the effectiveness, measurability and performance of digital media for publishers, advertisers and agencies, while improving the relevance of advertising for users.”

About Google Inc.
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, visit www.google.com.

About DoubleClick, Inc.
DoubleClick is a premier provider of digital marketing technology and services. The world’s top marketers, publishers and agencies utilize DoubleClick’s expertise in ad serving, rich media, video, mobile, search and affiliate marketing to help them make the most of the digital medium. From its position at the nerve center of digital marketing, DoubleClick provides superior insights and insider knowledge to its customers. Learn more at www.doubleclick.com.

Source – Google Press - http://www.google.com/intl/en/press/pressrel/20080311_doubleclick.html

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