Congress on Microsoft and Yahoo
“Microsoft’s bid to acquire Yahoo is certainly one of the largest technology mergers we’ve seen and presents important issues regarding the competitive landscape of the Internet,” said Judiciary chairman John Conyers Jr., D-Mich., and ranking Republican Lamar Smith, R-Texas, in a joint statement released Friday.The Judiciary Committee’s Task Force on Antitrust and Competition Policy will give the proposed deal “a careful examination” at a hearing slated for this coming Friday, the statement said.
The committee will hear from experts — as yet unidentified — who will weigh in “on whether this proposed consolidation works to further or undermine the fundamental principles of a competitive Internet.”
Alos, the Department of Justice’s antitrust division “would be interested in looking at the competitive effects of the transaction.”
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February 12th, 2008 at 8:25 am
The is definitely a story worth following. The outcome will dramaticlly effect the future of online advertising in ways only Microsoft and Yahoo can forsee.