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Google-DoubleClick Acquisition Approved; Job Cuts To Come!
The final hurdle in the completion of its deal to buy Doubleclick has now been overcome by Google: European regulators have today cleared its $3.1BN bid. Eric Schmidt, writing in the Official Google Blog, admitted 'As with most mergers, there may be reductions in headcount' - and Google's stock rose nearly 5% as a result, up from near its 52-week low of $413 per share on Monday.
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