With a Department of Justice ruling on Google’s advertising partnership with Yahoo expected by late next week, a key legislator is urging further scrutiny of the deal. In a letter to the DOJ, Sen. Herb Kohl of Wisconsin, chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, encouraged it to monitor the Google-Yahoo deal, even if the agency signs off on it.
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When Google and Yahoo announced their advertising partnership back in June, the companies said they’d give the Justice Department three and one half months to review it. Which is more than enough time according to Google CEO Eric Schmidt, who said the companies will proceed with the deal in October, even if federal regulators haven’t yet approved it.
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“Good for competition.” That’s how Omid Kordestani, Google’s senior VP of Global Sales and Business Development, described the company’s partnership with Yahoo yesterday. But the U.S. Justice Department isn’t quite buying his professions of altruism.
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An afternoon with the chairman of the Senate Judiciary Committee’s Antitrust Subcommittee. What a miserable way to celebrate a special occasion. Yet that’s exactly how Jerry Yang marked his one-year anniversary as CEO of Yahoo.
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Much as Google would like to think otherwise, the U.S. Senate isn’t quite ready to rubber-stamp its proposed acquisition of DoubleClick. The top two members of the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights–Democrat Herb Kohl of Wisconsin and Republican Orrin Hatch of Utah– sent a strongly worded joint letter to the Federal [...]
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