Beijing time on the morning of May 22 news, according to foreign media reports, the United States Federal Trade Commission (hereinafter referred to as the "FTC") on Friday approved Google's $750 million acquisition of mobile advertising network company AdMob deal.
The deal was first announced in November 2009, and since then there have been repeated reports that the FTC might block the deal on antitrust grounds. FTC commissioners voted 5-0 on Friday to approve the deal, saying their antitrust concerns about the deal were eased after Apple released its own mobile advertising platform. In addition, other companies have also developed more mobile AD networks, which is also a reason for the FTC's fading concerns.