Microsoft-Yahoo! deal gets green light from regulators

Microsoft and Yahoo! said Thursday that US and European regulators have cleared the way for them to blaze on with a planned tie-up aimed at taking on Internet search king Google. The companies said they had “received clearance for their search agreement, without restrictions, from both the US Department of Justice and the European Commission, and will now turn their attention to beginning the process of implementing the deal.” The European Commission earlier announced it had approved software giant Microsoft’s plan to acquire Yahoo!’s Internet search and advertising business. Under terms of the agreement announced in late July 2009, Microsoft’s new Bing search engine will handle online queries at Yahoo! properties, with the California Internet pioneer customizing presentation of results and ads. The transition will involve moving Yahoo!’s search platforms to Microsoft, with Yahoo! running sales relations with both companies’ premium search advertisers globally. Analysts are divided on how much closer the Microsoft-Yahoo! tie-up will take either company to Google, the overwhelming leader in a web search and advertising market, which research firm Forrester estimates will be worth more than USD 30bn (EUR 22bn) in 2014 in the United States alone. Microsoft and Yahoo! said Thursday that they continue to work with regulators in South Korea, Taiwan and Japan to provide all relevant information necessary for them to evaluate the transaction before the deal is launched in those countries

http://www.eubusiness.com/news-eu/us-competition-it.2rw

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s