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ATTORNEY GENERAL COAKLEY ISSUES STATEMENT REGARDING TERMINATION OF GOOGLE, YAHOO AGREEMENT

Article from: US Fed News Service, Including US State News Article date: November 05, 2008

The Massachusetts Executive Office for Administration & Finance's Department of Revenue issued the following statement:

On June 12, 2008, Google and Yahoo! announced that they had entered into an agreement under which Google ads would appear on Yahoo! Search Results pages and on various Yahoo! web properties and partner sites. According to Yahoo!'s announcement regarding the agreement, it was projected to generate approximately $800 million annual revenue for Yahoo! and an estimated $250 million to $450 million in incremental operating cash flow in the first 12 months following ...

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US Hires Top Lawyer to Mull Google-Yahoo Antitrust Case

Posted Sep 9, 08 9:39 AM CDT in Business 

US Hires Top Lawyer to Mull Google-Yahoo Antitrust Case
Source: AP Photo/Paul Sakuma

(Newser) – The Justice Department has hired a top lawyer to review a possible antitrust case against the Google-Yahoo advertising deal, which would give the companies control of 80% of web search ads, the Wall Street Journal reports. Sanford Litvack, a former Disney vice-chairman, was Jimmy Carter’s antitrust chief. While officials have been deposing witnesses and collecting documents for weeks, it’s not yet certain they'll go to court.

It's also not clear, the Journal reports, whether the case would target the Google-Yahoo deal alone or broader aspects of Google's dominance in the online-advertising business. Given that dominance, a case against the company could be a landmark in regulating Internet competition. The web giant says the deal is pro-competition and that it would be “premature” to judge it before it takes effect, but advertisers and Microsoft have expressed concerns about its fairness.

More about:  Google • Yahoo • Department of Justice • Internet advertising • antitrust • lawyer • search advertising

MORE RELATED NEWSER STORIES

Google Scraps Partnership With Yahoo

Search giant proves unwilling to fight antitrust regulators over deal

CNET CNET Nov 5, 08 1:40 PM CST
(Newser) - Google canceled its search-advertising partnership with Yahoo rather than fight a Department of Justice lawsuit over antitrust concerns, CNET reports. The company gave up on the deal after Justice said it was not satisfied with the companies’ revisions to the deal and would sue to block it. More »

More about:  Google • Yahoo • Department of Justice • antitrust • search advertising • monopolistic practices

analysis

Yahoo and Google: It's All Up to Yang

CEO must pave way
for struggling company as investors look on

CNET CNET Jun 13, 08 10:08 AM CDT
(Newser) - As Yahoo and Google prepare for a new search-ad deal, it’s all up to CEO Jerry Yang, writes Charles Cooper for CNET. Will Yang be the next Steve Jobs, pulling a struggling company back to the spotlight—or will he fade like his Yahoo predecessors? The afreement "may turn out to be a clever move if it fosters the two companies' respective strength in search and display advertising," Cooper writes. More »

More about:  Google • Yahoo • Jerry Yang • investors • regulation • antitrust • search advertising

Big Sites Fold on Net Gambling

DOJ has winning hand in legal battle with Microsoft, Google, Yahoo!

Reuters Reuters Dec 20, 07 1:39 AM CST
(Newser) - Microsoft, Google, and Yahoo have agreed to cough up $31.5 million to settle Justice Department charges they promoted Internet gambling by accepting advertising from gambling sites for the past 10 years, Reuters reports. The high-tech giants will pay some of that amount in fines, and will create PSAs telling young adults and teenagers that Internet gambling is illegal. More »

More about:  Google • Microsoft • Yahoo • Department of Justice • Internet advertising • Internet gambling

SPONSORED NEWS ARCHIVE

NEW YORK CITY COMPTROLLER THOMPSON PRESSURES YAHOO!, GOOGLE TO ESTABLISH POLICIES... (US Fed News Service, Including US State News)

Senate Judiciary Subcommittee Reviews Google-Yahoo Agreement (US Fed News Service, Including US State News)

ATTORNEY GENERAL ISSUES STATEMENT ON DEMISE OF YAHOO-GOOGLE ADVERTISING AGREEMENT (US Fed News Service, Including US State News)

ATTORNEY GENERAL COAKLEY ISSUES STATEMENT REGARDING TERMINATION OF GOOGLE/YAHOO... (US Fed News Service, Including US State News)

YAHOO!, GOOGLE ABANDON THEIR ADVERTISING AGREEMENT (US Fed News Service, Including US State News)

ANA Supports Google/Yahoo Decision to Abandon Search Advertising Partnership (US Fed News Service, Including US State News)

ATTORNEY GENERAL GANSLER ANNOUNCES YAHOO, GOOGLE HAVE ABANDONED PROPOSED ADVERTISING... (US Fed News Service, Including US State News)

SEN. HATCH PROBES PROPOSED GOOGLE-YAHOO JOINT VENTURE (US Fed News Service, Including US State News)

SEN. LEAHY ISSUES STATEMENT ON GOOGLE-YAHOO AGREEMENT, FUTURE OF INTERNET ADVERTISING (US Fed News Service, Including US State News)

SEN. KOHL WEIGHS IN WITH JUSTICE DEPARTMENT OVER GOOGLE-YAHOO AGREEMENT (US Fed News Service, Including US State News)


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