Earlier today, JLM Pacific Epoch floated rumors that Google (GOOG) would acquired Focus Media's (FMCN) online advertising subsidiary.
The rumors are not true, says a source who would know.
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"Squash," he said.
On February 28, Axel Springer, Business Insider's parent company, joined 31 other media groups and filed a $2.3 billion suit against Google in Dutch court, alleging losses suffered due to the company's advertising practices.
