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Google Laying Off 300 at DoubleClick, Selling Performics
Apr 3, 2008 6:14 PM
, By Ken Magill
Google is laying off about 300 DoubleClick employees and is selling its Performics’ search-engine marketing business, it was announced Thursday. Google acquired DoubleClick for $3.2 billion last month to bolster its online ad offerings. It has since divided Performics into a search-marketing services unit and an affiliate marketing unit. Search-marketing services was considered to be a conflict of interest. “It’s clear to us that we do not want to be in the search engine marketing business,” said Google’s director, DoubleClick integration, Tom Phillips, in a statement. “Maintaining objectivity in both search and advertising is paramount to Google’s mission and core to the trust we ask from our users.” The company said it has yet to identify a buyer, but has received some interest from unspecified suitors. |
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