Done Deal: Google Closes AdMob Buy

Nearly eight months after saying it would buy mobile ad network AdMob for $750 million in stock, Google (NSDQ: GOOG) has finally closed the deal. The announcement comes a week after the FTC unanimously gave the deal the green light, after closely scrutinizing it for months.

Google says little new in a blog post announcing that the deal is done, although it does confirm that it will now be buying back $750 million of its stock in order to offset the share dilution caused by the acquisition.