Business | Technology

Yahoo!, Google rewrite deal draft

Yahoo Inc and Google Inc have drastically scaled back the scope of their search advertising deal.

  • Agencies
  • Published: 23:43 November 4, 2008
  • Gulf News

  • The move comes after Google appeared to be on the verge of walking away from the partnership with Yahoo.
  • Image Credit: Gulf News Archive

Washington/San Francisco: Yahoo Inc and Google Inc have drastically scaled back the scope of their search advertising deal, a person close to the discussions said on Monday, in a last-ditch effort to win US antitrust approval.

The move comes after Google appeared to be on the verge of walking away from the partnership, which was announced in June to foil Microsoft Corp's take-over attempt of Yahoo.

The deal has since drawn scrutiny from US regulators amid a growing chorus of criticism from advertisers.

The two internet companies have submitted a reworked proposal to the US Department of Justice that shortens their partnership to just two years from 10 years, the source said.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Technology

  1. Microsoft's Bing hit by costly security loophole

  2. Nokia aims for 300m users by 2012

  3. HP's 3Com takeover aims a shot at Cisco

  4. SAP AG focuses on region

All articles in Technology

More from Business

Gulf News
Popular in Business
Way to go this DSF
XPRESS

Way to go this DSF

A fun-filled route to guide you to all the happening dos in town

Business Editor's choice