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Done Deal: Google Closes AdMob Buy

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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.

SEE ALSO: Requests May Signal That FTC Will Block Google’s AdMob Purchase

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.

May 27, 2010 4:33 PM ET

Sold Photo: Corbis


Posted In: Advertising, Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Google

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