That's not the correct quip (Embrace, Extend, Extinguish); and even if it were, it doesn't make any more sense in this context than your version does.
Even in the most skeptical reading of the situation, Google never "embraced" adblockers, they allowed them. You'll note there's no extensions on Chrome for Android for example.
Embrace: Google shipped its own ad blocker in Chrome last year. It blocks all ads on sites that violate ad standards set forth by the Coalition for Better Ads. If Chrome's basic ad blocker can encourage the publishers to clean up their most annoying ads, then Chrome users might be less likely to install a full-featured ad blocker like uBlock Origin.
