Google is putting its planned
advertising
deal with Yahoo on hold to allow more time for regulators to study the
competition
aspects.
"When we announced our advertising agreement with Yahoo in June we agreed to
delay its implementation until October to give regulators time to look at the
details," the company said.
"As we are still in conversation with the Department of Justice we have
agreed to a brief delay in implementing the agreement while those discussions
continue."
The deal, which would see Google supplying some of the adverts that appear
with Yahoo's search results, has come in for
heavy
criticism from
industry
players like Microsoft.
Google had originally said that it would allow 100 days for regulators to
investigate the deal and would go ahead later this month. However, the company
has now said that it will delay for an unspecified period, thought to be about a
month.
"The companies have agreed to a brief delay in implementing this agreement to
continue our ongoing discussions with the Department of Justice," Yahoo said in
a statement.
"We have had discussions with regulators and look forward to responding to
their questions about this agreement."
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