Leading internet search provider Google has stated that it is still confident that it can close the deal to purchase online ad firm DoubleClick by the end of 2007, despite the announcement of a US federal probe into the $3.1 billion purchase.
ZDnet quotes Google chief executive Eric Schmidt as stating: "We are quite convinced that the proposed merger meets all appropriate US laws.”
Google’s rivals, such as Microsoft and AT&T, have piled pressure on antitrust officials to examine the proposed deal closely, claiming it could give Google too much control over online advertising.
The firm also says that the hunt is on for further tech-company buyouts. "We're open to other acquisitions but there are no specific ones to announce.”