After months of controversy and global outcry, Google’s proposed $3.1 billion acquisition of DoubleClick will undergo congressional scrutiny later this year in a planned closed hearing before the House of Representatives’ Commerce, Trade and Consumer Protection Subcommittee. Rep. Bobby Rush (D-IL), chairman of the subcommittee, on Tuesday announced his intention to hold the hearing in a letter to Federal Trade Commission Chairman Deborah Majoras. Rush also requested a briefing on the FTC’s investigation of the proposed merger, which was launched in May.
http://iht.com/articles/2007/07/19/business/google.php
http://ecommercetimes.com/story/58401.html
http://www.infoworld.com/article/07/07/19/Congress-investigate-GoogleClick_1.html
http://www.smh.com.au/articles/2007/07/20/1184559969070.html
US Congress to Sift Through Google-DoubleClick Deal Details
After months of controversy and global outcry, Google’s proposed $3.1 billion acquisition of DoubleClick will undergo congressional scrutiny later this year in a planned closed hearing before the House of Representatives’ Commerce, Trade and Consumer Protection Subcommittee. Rep. Bobby Rush (D-IL), chairman of the subcommittee, on Tuesday announced his intention to hold the hearing in a letter to Federal Trade Commission Chairman Deborah Majoras. Rush also requested a briefing on the FTC’s investigation of the proposed merger, which was launched in May.