Possible shower
26
19

Yahoo!-Microsoft deal approved

AUSTRALIAN and Canadian competition authorities have approved the internet search and advertising partnership between Yahoo! and Microsoft, the companies said on Tuesday.

"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," they said in a joint statement.

"We continue to believe that this deal will create a true, competitive alternative in the marketplace that will benefit consumers, advertisers and publishers," Yahoo! and Microsoft said.

"We remain hopeful that the agreement will close in early 2010," they added.

The agreement remains subject to review by US anti-trust regulators.

Yahoo! and Microsoft had originally planned to finalise the agreement by October 27 but have mutually agreed to extend their negotiations beyond the original date.

The 10-year web search and advertising partnership unveiled in July sets the stage for a joint Yahoo!-Microsoft offensive against internet titan Google, the leader in the lucrative search and advertising market.

Under the no-cash deal, Yahoo! will use Microsoft's new Bing search engine on its own sites while Yahoo! will provide the exclusive global sales force for premium search advertisers.

 
© AAP
 
 

« | »

Aquarius

21 January - 19 February

Your work activities will be renewed and you can expect a positive flow of creative new energies to make you feel better about the work that you've been... More Horoscopes »

Select your zodiac sign

Aries | Taurus | Gemini | Cancer | Leo | Virgo | Libra | Scorpio | Sagittarius | Capricorn | Aquarius | Pisces

What's On

Browse

 
Link to top
APN Australia Regional Media

© Northern Star Ltd 2012. Unauthorised reproduction is prohibited under the laws of Australia and by international treaty. APN | APN Group Websites

Need Help?

Refer to our helpful FAQ section for any problems you might be experiencing.

Back to access links