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NEW YORK: Internet and media rivals to Google Inc. , fearing an unprecedented consolidation of power in the Internet advertising market, are expected to urge regulators to closely scrutinize the Internet search leader's $3.1 billion deal to buy DoubleClick Inc.
Google on Friday beat out Microsoft Corp. and Yahoo Inc. to buy Web ad supplier DoubleClick,
securing a leadership position as the Internet's top advertising business.
Industry analysts said the deal would let Google focus more attention on extending its advertising forces offline -- into the print, television and radio advertising arena.
"We're hoping it gets a very careful scrutiny by the antitrust authorities," AT&T senior executive vice president of external and legislative affairs Jim Cicconi said on Sunday.
Cicconi added that Google "would be in a position to pick winners and losers and make them more dominant in other areas."
Google said on Sunday it landed a deal to sell a portion of the advertising inventory for top U.S. radio conglomerate Clear Channel Communications Inc.'s radio division. Earlier,
it landed a similar deal to sell TV ads for No. 2 U.S.
satellite television provider EchoStar Communications Corp. Shortly after announcing the deal on Friday, Google Chief Executive Eric Schmidt said in a news conference he expected
Microsoft and Time Warner Inc. are also seen urging
regulators to scrutinize the deal, according to a report on the
Representatives for Microsoft and Time Warner were not
immediately reachable.
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