Nearly eight months after saying it would buy mobile ad network AdMob for $750 million in stock, Google (NSDQ: GOOG) has finally closed the deal. The announcement comes a week after the FTC unanimously gave the deal the green light, after closely scrutinizing it for months.
Google says little new in a blog post announcing that the deal is done, although it does confirm that it will now be buying back $750 million of its stock in order to offset the share dilution caused by the acquisition.
It is a part of Google;s long term strategy.What battle?Apple is like Don Quixote, holding back the giant in Internet advertising who is now free to dominate everywhere.
Who else can stand up to Google in their quest for world domination, riding on the free trinkets they give away in exchange for information they can sell to advertisers?
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