Bloggers are buzzing about the Google-DoubleClick deal (alarm:clock has a great roundup), but the most interesting aspect of the case for law professors is the antitrust angle. What is the relevant market? Microsoft and AT&T already have attempted to frame the discussion around "online advertising," but Google CEO Eric Schmidt has responded by claiming that Google and DoubleClick are each "small components of a much larger advertising market." (NYT)
Antitrust is not my forte, so I will defer to Josh or Thom over at TOTM, though my guess is that this will require some debate.
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