An Acquisition Update
It’s been about a month-and-a-half since we announced our plans to be acquired by Google, and feedback across the industry has been overwhelmingly positive. Though we’re extremely excited by the prospect of combining our companies’ efforts, the past few weeks have been remarkably “business-as-usual” around the Admeld offices. Our team is focused on what they do best: serving our clients and partners, and pushing the envelope of technical innovation.
We’ve also been working with the Department of Justice, which is required to review the deal because it's over a certain size. In recent weeks, the DOJ has been gathering information in order to gain a deeper understanding of Admeld’s business and the display space in general. By all accounts, this has been a productive process and we’re confident that we’re on track for the deal to be cleared.
That said, today we learned that the DOJ will be issuing a “second request” for information. Though we’re disappointed by this decision because it will delay our efforts to bring even more innovative services to our clients and partners, we recognize it takes time to analyze any industry as competitive and dynamic as this.
Google has written some thoughts about the deal in a post on their blog, which I recommend reading. I hope to have more information for you soon as the DOJ updates us on their process. As always, thanks for your support.