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04/18: Google CEO on Antitrust Concerns

Posted by Patrick
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Google's CEO, Eric Schmidt, has responded to the antitrust concerns shared by Microsoft and At&T in regard to the DoubleClick acquisition. From SFGate.com:

The DoubleClick aquisition announced Friday does not violate antitrust, even though Microsoft and AT&T say it does. "Microsoft?" Schmidt said, his mock incredulity recalling Microsoft's own antitrust woes. "Did you say Microsoft and AT&T? What is the year?"

"They're wrong," he said, showing some emotion. "Give me a break! It's false." He said Google and DoubleClick together account for 1 percent of all the world's advertising revenue.

"This is an emerging business with lots of different choices," he said. "These were people who were involved in the bidding, who lost."

Via Todd Bishop.

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