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Google proceeds with Yahoo deal

August 29, 2008|From Times Wire Services

Google Inc., facing U.S. Justice Department scrutiny of its advertising partnership with Yahoo Inc., will proceed with the agreement by early October, Chief Executive Eric Schmidt said.

"We are going to move forward," Schmidt said in an interview with Bloomberg Television in Denver. "We are in the process of talking to the government. They've not indicated one way or the other how they're dealing with us."

Google, the most popular search engine, is trying to pull off the deal amid concerns that it will give the company too much power in the $65-billion online advertising market.

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