Justice Department Asks Microsoft, Yahoo For More Info

Giving deal a closer inspection

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Even though the combined search market shares of Microsoft and Yahoo won’t approach Google’s stake in terms of size, the Justice Department isn’t giving their proposed deal a free pass.  In fact, the government entity’s decided to ask Microsoft and Yahoo for more information.

On the surface, this development doesn’t look great for the two companies.  They probably volunteered what they felt what a reasonable amount of info, and hoped that the Justice Department would show them a quick thumbs up sign.

The good news for the companies (and their shareholders and fans) is that this development wasn’t entirely unexpected.  Remember that the deadline Microsoft and Yahoo established is July 29th, 2010, after all.

Adam Grossberg, a Yahoo spokesman, also told Dina Bass and Kelly Riddell in an email, "Yahoo and Microsoft are cooperating fully with the Justice Department and firmly believe that the information they will be providing will confirm that this deal is not only good for both companies, but it is also good for advertisers, good for publishers and good for consumers."

No details regarding what sort of details the Justice Department requested are available.

Justice Department Asks Microsoft, Yahoo For More Info
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    Tell the government no. They are just an operating buisiness and out to profit from the people.

  • http://www.gardeningabc.net/ Gardening ABC

    This deal is good for creating another mega-company that would compete with google. Google has too much power, and strong competition is a must. I hope the Justice Departament don’t block this deal (perhaps they have google shares? i hope not).

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