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"... has entered into an agreement to be acquired by Google!".

Does that mean that they are expecting some sort of regulatory review before it's a done deal or is it just standard speak?

Standard language. Mergers usually can't be completed until after certain regulatory reviews are complete. In the US, one of the most common (for larger deals) is HSR: http://en.wikipedia.org/wiki/Hart-Scott-Rodino_Antitrust_Imp...

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