Google and Yahoo deal going ahead

The two dominant internet companies are pressing ahead with their advertising deal despite US Justice Department probe.

Google will proceed with its search-advertising partnership with Yahoo by early October, regardless of a US Justice Department probe of the deal, Bloomberg has said.

"We are going to move forward," Google chief executive Eric Schmidt said in an interview with Bloomberg Television on Thursday in Denver.

"We are in the process of talking to the government. They've not indicated one way or the other how they're dealing with us," the news agency quoted Schmidt as saying.

Google, with more than 60 per cent of the internet search market, and Yahoo, with 16.6 per cent, agreed in June last month on an advertising partnership under which Yahoo will let Google put search ads on its site.

The deal has raised concerns that it will give Google too much power in the $65 billion (36.04 billion) online advertising market, and the US Justice Department launched a formal antitrust investigation in July.

"We always worry a little bit, but we think our arguments are pretty strong," Schmidt told Bloomberg.

Google was not immediately available for comment.

Featured Resources

Managing security risk and compliance in a challenging landscape

How key technology partners grow with your organisation

Download now

Evaluate your order-to-cash process

15 recommended metrics to benchmark your O2C operations

Download now

AI 360: Hold, fold, or double down?

How AI can benefit your business

Download now

Getting started with Azure Red Hat OpenShift

A developer’s guide to improving application building and deployment capabilities

Download now

Recommended

Gmail vs Outlook.com: Which one is better?
email providers

Gmail vs Outlook.com: Which one is better?

22 Jan 2021
Nokia and Google to co-develop cloud-native 5G solutions
Network & Internet

Nokia and Google to co-develop cloud-native 5G solutions

15 Jan 2021
Google Meet will help troubleshoot a low-quality video conference
video conferencing

Google Meet will help troubleshoot a low-quality video conference

13 Jan 2021
Big tech companies put political donations on hold following Capitol riots
Business strategy

Big tech companies put political donations on hold following Capitol riots

12 Jan 2021

Most Popular

School laptops sent by government arrive loaded with malware
malware

School laptops sent by government arrive loaded with malware

21 Jan 2021
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

21 Jan 2021
What is the Raspberry Pi Pico?
Hardware

What is the Raspberry Pi Pico?

21 Jan 2021