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I found this site the other day: [googlesyndication.com...]
What is it for? Who runs it? I assume Google do. But why?
[google.com...]
Other than that, the spider for their content targeted ads contains the 'googlesyndication' url, so that people can distinguish between that & regular adwords from Google.com
Perhaps also, they are 'extending' their brand, to create more mind share among webmasters & marketers? :)