Archive | Tag: acquisitions

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Consumer advocacy group Consumer Watchdog said Monday it was sending the FTC a letter urging the agency to investigate the mishap. John Simpson, the group’s consumer advocate, said he was concerned that Google’s promise to get third-parties to review the software in question was insufficient.

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Perhaps the toughest shareholder question came from consumer advocate John Simpson, who asked Schmidt whether Google had agreed to a reported $700 million “kill fee” if Google’s $750 million acquisition of the mobile advertising company AdMob is rejected by government antitrust regulators. Schmidt neither confirmed or denied that number, but predicted the deal would be approved by the Federal Trade Commission, which is expected to rule in coming days.

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Every month, Simpson comes to Washington to meet with staff on the Hill and regulatory agencies, journalists and corporate lobbyists. Simpson said he met last week with Jim Tierney, chief of the networks and technology section of the antitrust division of the Justice Department, and staffers about his petition for a broad investigation. Last year, he testified before Congress about privacy and competition concerns in Google’s book settlement.

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Consumer Watchdog, a nonprofit and nonpartisan organization, revealed today that Google upped its spending on Washington lobbyists by a mammoth 57% from the same period last year. Lobbying disclosure forms filed with the Senate Office of Public Affairs show that the firm handed over $1.3 million in the first quarter of 2010, compared with $880,000 in 2009.

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