U.S Justice Dept investigating Google/Yahoo deal
By Ron Haruni · Apr 23, 2008 · Author's Website
The U.S. Justice Department according to Reuters, is investigating possible antitrust implications of Google’s two-week search test with Yahoo which may violate antitrust law.
Authorities have initiated an investigation and are currently focused on a telephone call from Google Chief Executive Eric Schmidt to Yahoo Chief Executive Jerry Yang to offer help in thwarting Microsoft’s $44.6 billion bid.
Meanwhile, later today, Microsoft Corp. Chief Executive Steve Ballmer said that his company’s $44 billion offer for Yahoo Inc. reflects Yahoo’s worth and the software maker has no plan to raise it.
Ballmer said Microsoft is “prepared to move forward alone without Yahoo” if the bid doesn’t succeed.
Yahoo had no immediate comment.
Related Posts
- Microsoft’s CEO sets deadline on Yahoo buyout offer
- Microsoft Offered $1 Bln For Yahoo’s Search Business
- Microsoft has no intention to overbid Yahoo
- Microsoft Loses Top Executive To Juniper
- Microsoft CEO says catching Google is goal
Join the discussion
