Business

Google assails Microsoft over Yahoo deal
by Zuzana Krskova

Two of the biggest rivals of Google- Microsoft and Yahoo are teaming up. Analysts thinks, Yahoo will have a little choice, but to sell to Microsoft, because first announced Microsoft offer was 62 % above Yahoo's market value. Analysts are confident, that any other suitor will be able to top. " 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." David Drummond, Google's chief legal officer wrote. Microsoft views Yahoo as a main tool to gain ground on Google in the Internet's advertising markets and booming search, so Google's opposition is not surprising. Google wants to disable the deal so much, that Google Chief Executive Officer Eric Schmidt offered help in repelling Microsoft to Yahoo CEO Yang Friday, according to report on The Wall Street Journal's Web site. According to comScore Media Metrix, if Microsoft and Yahoo get together, they would have about 16% of the Worldwide internet search market. Google's percent share is 62. Even though, Microsoft and Yahoo would be in the better position to disintegrate Google services if they combined. "This is a two- pronged issue of competition and privacy and will be treated as such by the competition and regulatory authorities, both in Europe and the US." Said Hans Friederiszick, managing director of the European School of Management and Technology competition Analysis Department. Microsoft expect, that transaction would be completed in the second half of calendar year 2008.

by Zuzana Krskova for PocketNews (http://pocketnews.tv)

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posted by Blog TechSource @ 2:33 PM