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You are hereGoogle misled investors about AdMob antitrust risk -- Google agreed to 23 times normal deal "kill fee"
Submitted by Scott Cleland on Wed, 2010-05-05 13:27
New evidence suggests Google blatantly misled public investors about its own assessment of the antitrust risk involved in Google acquiring AdMob. On Google's webpage on the AdMob acquisition, in the Q&A section, Google said at the time of the acquisition:
Now we learn from a Bloomberg/Business Week story:
It is important to put this $700m AdMob deal "kill fee" in perspective.
With little doubt, an unprecedentedly high deal kill fee was material information public investors should have been informed about when the deal was announce, so they could have assessed the deal fairly and accurately.
In sum, not only is Google among the absolute least transparent major publicly-traded companies... and not only does Google no longer allow investors to question Google's leadership about Google's exploding antitrust, privacy/security and IP/copyright liabilities... now we learn Google is knowingly giving investors false material information about its largest pending transaction. Lastly, investors probably would like to know why Google was so eager to gamble and pick a fight with antitrust authorities over this deal...
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