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Google’s Bid for DoubleClick to Be Reviewed by EU
By xaby | July 16, 2007
European Union regulators will review Google Inc.’s plans to buy DoubleClick Inc. for $3.1 billion after national authorities declined to take the case. Google, owner of the most-popular Internet search engine, asked the European Commission whether the deal should get an EU review. The EU examines mergers with more than 250 million euros ($341 million) in sales in the 27 member states, or 5 billion euros worldwide. National authorities can review transactions if more than two thirds of the revenue occurs in a single country.
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