Google today responded to the FCC's FTC's request for more information regarding its purchase of AdMob, the mobile advertising company. And, as expected, they're putting a positive spin on the delay that's holding up the $750 million deal.
As we said when we announced the deal, we don't see any regulatory issues with this deal, because the rapidly growing mobile advertising space is highly competitive with more than a dozen mobile ad networks.That said, we know that closer scrutiny has been one consequence of Google's success, and we've been talking to the U.S. Federal Trade Commission over the past few weeks. This week we received what's called a "second request," which means that the FTC is asking for more information so that they can continue to review the deal.
Hey, time is money. And Google certainly has more than enough of both. [Google via MacRumors]
Update: Yes, we know the FCC is not the FTC. We're lucky we didn't call the darn thing the HTC. :-/
