How DoubleClick Could Boost Google |
Washington Post - Mar 12, 2008 |
After gettingapproval from the European Unionfor its DoubleClick acquisition Tuesday, Google promptly closed the deal and said it is eager to absorb the digital marketing company's technology and services -- and who can blame Google for its urgency?
It has been almost a year since Google announced its intention to buy DoubleClick for US$3.1 billion, and the consummation of the deal comes at a time when Google is displaying rare signs of vulnerability.
The search giant slightly missed earnings expectations for its fourth quarter -- a notable misstep for a company that typically crushes analyst forecasts -- and its stock is off more than $300 from its 52-week high.
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- Posted: 2008-03-12 10:15:08
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