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Old 03-11-2008, 12:54 PM
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Default Google closes $3.1 bln DoubleClick acquisition

Google Inc (GOOG.O: Quote, Profile, Research) said on Tuesday it has completed the $3.1 billion acquisition of DoubleClick Inc, just hours after receiving antitrust clearance from the European Commission.

Shares of Google, which recently have been trading around year-low levels rose 4 percent to $430.19 on Nasdaq.

DoubleClick supplies advertising technology that allows Web site publishers, advertisers and ad agencies to deliver online brand advertising to Web users. It also delivers ads to mobile phone callers and electronic billboards.

-Reuters

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