Google closes books on AdMob deal

It was just a matter of time after the FTC declined to block the deal, but Google's $750 million purchase of mobile advertising company AdMob is now final.

Google finally got its prize Thursday: AdMob is part of the family.

Truth be told, it would have really only been news if Google had failed to close the deal after the Federal Trade Commission said last week that it would not block the $750 million acquisition following a nearly six-month review. But, for the record, "Omar Hamoui has built a great team and great products at AdMob and we're thrilled to officially welcome them to Google," the company said in a blog post.

Google will repurchase shares of its company from public markets to offset the $750 million in stock that has been accepted by AdMob employees.

About the author

    Tom Krazit writes about the ever-expanding world of Google, as the most prominent company on the Internet defends its search juggernaut while expanding into nearly anything it thinks possible. He has previously written about Apple, the traditional PC industry, and chip companies. E-mail Tom.

     

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