The US Federal Trade Commission (FTC) has finally approved Google’s pending acquisition of AdMob, a mobile advertising startup. The web giant offered $750 million for the company, but the sale has been on hold as the FTC investigated whether the move would hurt competition in the emerging sector. Ironically, it was Apple’s moves in the mobile advertising market that ensured regulators that Google would not be in a dominating position.
Google has welcomed the conclusio… (read more)