Google acquisition concerns senators
From Times Wire Services
Google Inc.’s proposed $3.1-billion takeover of DoubleClick Inc. deserves close scrutiny by U.S. regulators to ensure it won’t strangle competition and hurt privacy rights, two key senators said.
The acquisition of DoubleClick’s online advertising software “raises very important competition issues in a vital sector of the economy,” Sen. Herb Kohl (D-Wis.), chairman of the antitrust subcommittee of the Senate Judiciary Committee, and Sen. Orrin G. Hatch (R-Utah) wrote in a letter to the Federal Trade Commission.
