WPP chief Sorrell wants thorough examination of Google-AdMob deal

Share this article:

Google's $750 million acquisition of mobile advertising company AdMob should be given a “rigorous” examination by federal regulators, WPP Group boss Martin Sorrell said May 10.

The Federal Trade Commission is examining the deal, but has yet to announce whether it will launch a formal investigation.

Speaking to reporters at the World Economic Forum on Europe in Brussels on May 10, Sorrell said: "[a regulatory investigation] should be rigorous."

The WPP chief executive also criticized the FTC's approval of Google's $3.1 billion acquisition of online display advertising company DoubleClick in 2008.

"I don't think in the case of DoubleClick it was deep enough and strong enough," said Sorrell.

The FTC concluded that the DoubleClick deal was unlikely to substantially lessen competition.

Google, which agreed to the AdMob deal last November, has said it is "confident the FTC will conclude that the rapidly growing mobile advertising space will remain highly competitive after this deal closes.”

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions