Home > Current Events > Google Urges Yahoo to Repel Microsoft’s Bid

Google Urges Yahoo to Repel Microsoft’s Bid

February 4th, 2008 Matt Leave a comment Go to comments

Google: Microsoft Deal Bad for Internet
Sunday February 3, 9:24 pm ET
By Michael Liedtke, AP Business Writer 
Google Rips Microsoft’s Proposed Takeover of Yahoo, Saying It Would Stifle Internet Innovation

SAN FRANCISCO (AP) — Google Inc. raised the specter of Microsoft Corp. using its proposed $42 billion acquisition of Yahoo Inc. to gain illegal control over the Internet, underscoring the online search leader’s queasiness about its two biggest rivals teaming up.
 
The critical remarks, posted online Sunday by Google’s top lawyer, represented the Mountain View-based company’s first public reaction to Microsoft’s unsolicited bid for Yahoo since the offer was announced Friday.
“Microsoft’s hostile bid for Yahoo raises troubling questions,” David Drummond, Google’s chief legal officer, wrote. “This is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.”

Google’s opposition isn’t a surprise, given that Microsoft views Yahoo as a crucial weapon in its battle to gain ground on Google in the Internet’s booming search and advertising markets.

 

Finance.Yahoo.Com – Click for Complete Story

StumbleUpon It!
  1. No comments yet.
  1. No trackbacks yet.