Google optimistic on DoubleClick deal

 

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Posted on 25 Oct 2007 at 12:16

Google's Chief Executive says he is optimistic that Google's acquisition of DoubleClick will be approved by regulators.

"We are optimistic that this will close," Schmidt told reports after his Analyst Day meeting with Wall Street investors. However, he did note that the decision was in the hands of regulators and that he had no control over the timeline.

Schmidt blamed the controversy surrounding the deal on the efforts to block it by one unnamed rival.

"We are not surprised at all about the hub-hub because it came from one competitor," Schmidt surmised.

Author: Reuters