Google received clearance from the Federal Trade Commission Friday for the acquisition of AdMob, the mobile ad display company. The U.S. Federal Trade Commission voted 5-0 in favor of closing the
investigation into the deal.
Concerns of Google were overshadowed by Apple’s launch of its mobile ad platform, as well as the development of ad networks by third-party companies.
The $750 million AdMob deal announced in November 2009 had a multimillion dollar kill clause that Google chief executive officer Eric Schmidt told investors last week the company would never have
to use.