GoogleClick Clears One Hurdle, Another Looms

Google's planned $3.1 billion acquisition of DoubleClick cleared another regulatory hurdle this week when the Australian Competition and Consumer Commission (ACCC) announced on Monday that it would not intervene in Google's plans, according to ClickZ News.

The deal is still working its way through Congressional and FTC approval in the U.S., though experts expect approval of the deal to come soon. Google is still facing anti-competitive troubles in Europe.

The Brussels-based European Commission is currently weighing anti-competitive concerns that may arise from the transaction. A verdict is due November 13. The FTC can approve the deal irrespective of the EU verdict, but Google and DoubleClick cannot complete the deal unless both EU and FTC approve it.