Google: tired of waiting over Yahoo deal
p2pnet news view | Advertising:- Eric and the guys have had enough of danged government shilly-shallying, dang it.
Time, and money, are a-wasting.
They say they’re not going to wait a second longer on their proposed advertising deal with Yahoo, the Purple Searcher, “even if government regulators need more time to assess whether the alliance will diminish competition,” says the Associated Press.
After, “voluntarily delaying the start of the Yahoo deal three months ago to give antitrust regulators time to review the potential impact, CEO Eric Schmidt said he isn’t willing to wait very much beyond an Oct. 11 deadline spelled out in the companies’ contract,” says the story, quoting him as declaring:
“Time is money in our business.”
He, “declined to predict whether regulators might try to block the partnership.”
Microsoft and a, “large group of advertisers” say the deal will give Google too much pricing power, “an assertion Google disputes because its rates are set in an auction-style process,” says AP, adding:
“Yahoo also has the right to pick which Google ads to show on its site.
“Antitrust regulators are nevertheless taking a hard look at the partnership, and recently hired an outside lawyer to help review evidence in the case so far.”
Purple Searcher – Yahoo says purple is ‘connectedness’, September 17, 2008
Associated Press – Google CEO won’t delay Yahoo deal any further, September 17, 2008
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