Quantcast

Australia, Canada Approve Microsoft-Yahoo Deal

Search companies still hoping for "early 2010" closing

Get the WebProNews Newsletter:
[ Search]

We’ll admit it: so far, most conversations concerning the Microsoft-Yahoo deal and antitrust issues have related to the U.S. and Europe.  Still, two potential roadblocks were eliminated yesterday when the Australian Competition and Consumer Commission and the Canadian Competition Bureau signaled their intent not to oppose the partnership.

The development’s official, and Microsoft and Yahoo are quite happy about it.  Representatives of both companies emailed WebProNews to say, "Microsoft and Yahoo! have been notified that Australian and Canadian authorities have separately concluded their reviews and have no objections to our proposed search agreement."

The joint statement then continued, "We continue to believe that this deal will create a true, competitive alternative in the marketplace that will benefit consumers, advertisers and publishers.  We remain hopeful that the agreement will close in early 2010."

Indeed, that target date’s looking more likely now that the ACCC and the CCB have waved things through.  Their investigations may provide other antitrust organizations with a good starting point (or even an ending point), thereby helping to speed things along.

We’ll see what the American and European authorities have to say, though, as their opinions still represent possible sticking points.

Related Articles:

Microsoft, Yahoo May Extend Partnership Outside the U.S.

> Microsoft, Yahoo Miss Deadline Agreement

> Carl Icahn Quits Yahoo’s Board Of Directors

Australia, Canada Approve Microsoft-Yahoo Deal
Top Rated White Papers and Resources
  • http://www.brain-waves-technology.com Brain Waves Technology

    About time we all need this to shake things up for Google, hopefully this flows over to the USA.

  • Guest

    Is this part of the Murdoch plan to ask for payment to look at online newspapers which, at the moment, you can view for free on Google – No i’m not a Google fan but I believe in using the net for free to check global newspapers, after all we do pay enough to use the net service as it is….