For a company that's as big and dominant as Google
Bloomberg reported over the weekend that the FTC's staff is urging its bosses to file an antitrust suit to prevent a Google-AdMob deal from happening. On a very simple level, the staff's opposition seems logical: Google is the undisputed colossus of the online advertising world, and AdMob runs the world's biggest independent mobile ad network, so combining the two companies might be bad for competition, right?
If the world of mobile advertising looked anything like the traditional, PC-driven online advertising market, then maybe this line of thinking would hold up. But it's already looking like a completely different animal, one in which phone manufacturers and wireless carriers arguably have as much clout as search engines and ad networks. The same Bloomberg article that broke the story of the FTC's opposition also quoted an IDC analyst's estimates of Google and AdMob holding 21% of the U.S. mobile ad market between them in 2009. A decent number, but hardly dominant, especially for Google and AdMob's home turf.
Meanwhile, Steve Jobs is making it clear that, AdMob or no AdMob, Apple
That kind of behavior gives the impression of a company that's confident about being a major player in mobile advertising, not one that will be fighting for scraps left behind by a Google-AdMob juggernaut.
Microsoft
With so many carriers and phone manufacturers happy to march to their own beat when it comes to wireless search and advertising, Google's purchase of AdMob doesn't resemble an attempt to monopolize a young market as it does an attempt to maintain a healthy position in a business that's quickly gotten very competitive. Hopefully the FTC realizes this as well, rather than doing Apple and Microsoft an undeserved favor.