FTC OKs Google Acquisition of Double-Click

[DudeAsInCool]

Despite opposition from privacy advocates, the FTC approved the the number one search engine's purchase of the number one market leader in online advertisting.

"The Federal Trade Commission said that the deal won't significantly lessen competition in the online advertising market, rebuffing complaints from Microsoft Corp. and AT&T Inc. that it would give Google a dominant position.

The FTC's strong support sends a clear message: this acquisition poses no risk to competition and will benefit consumers," Eric Schmidt, Google Inc.'s chief executive, said. "We hope that the European Commission will soon reach the same conclusion."

Read More at Yahoo Business

Anybody really surprised by this? When is the last time you heard of the FTC blocking a merger or major purchase by a major corporation. I can't recall any...