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Russian Authorities Halt Google Acquisition

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Russian Authorities Halt Google Acquisition

Like a hockey player who wasn't expecting a body check, Google's gotten an unpleasant surprise in the antitrust department.  Even as the company was focused on its deal with Yahoo, Russian authorities have stopped its acquisition of Begun.

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She then continues, "I believe it is quite obvious that the authorities have decided that increasing Google's presence in the Russian contextual advertising market could potentially damage the market and the competition."

So we'll just have to see whether the issue is resolved quickly or not.  Google's no doubt got emails, faxes, and traditional letters on their way to Russia's Federal Antimonopoly Service at this moment.

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