Google’s proposed £3.1 billion (E4.49bn) purchase of DoubleClick will face an in-depth second-phase review, after the European Commission expressed concerns about competition issues.

The European Commission’s Competition Unit will conduct the investigation under the EU Merger Regulation, after its initial market review indicated competition concerns in the online advertising and intermediation markets. The Commission now has until April go through or whether modifications need to be made.

Eric Schmidt, chairman and chief executive of Google, said the search giant was “obviously disappointed” by the decision to extend the review.

Other posts by :

1. FCC seeks fair play over foreign satellite access
2. Bank raises RocketLab target price
3. Paramount throws kitchen sink
4. Ukraine wants its own LEO system
5. SpaceX outlines Starlink cellular delivery plan
6. NAB vs CTIA on C-band release
7. Laser terminals to operate at 100x faster
8. Starlink success in Spain, but South Africa proves difficult
9. RocketLab doubts over Mynaric bid

Categories: Articles, Regulation