Google DoubleClick Merger

The deal was given a clean chit by the regulators based on several factors

After the acquisition of DoubleClick -- a company that offers online ad-serving and management technology to advertisers, Web publishers, and ad agencies -- Google Chairman and CEO, Eric Schmidt, said, "We are thrilled that our acquisition of DoubleClick has closed. With DoubleClick, Google now has the leading display ad platform, which will enable us to rapidly bring to market advances in technology and infrastructure that will dramatically improve the effectiveness, measurability, and performance of digital media for publishers, advertisers, and agencies, while improving the relevance of advertising for users." On the flip side, the merger will bring along a definite reduction in headcount -- in the US and in other regions as well, as Schmidt published on the Official Google Blog yesterday.