Bloomberg News

Google’s BeatThatQuote Acquisition Cleared by U.K. Regulator

July 01, 2011

July 1 (Bloomberg) -- Google Inc.’s 37.7 million-pound ($60.6 million) acquisition of U.K. price-comparison website BeatThatQuote.com won’t be subjected to a full-blown antitrust review, the U.K. Office of Fair Trading said.

The OFT decided not to refer the deal to the U.K. Competition Commission for a second-phase probe, the London- based watchdog said today in statement. The OFT in April said it would give the acquisition a preliminary review.

--Editor: Peter Chapman

To contact the reporter on this story: Erik Larson in London at elarson4@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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