Australia and Canada Approve Yahoo-Microsoft Deal

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Computer

Thursday, 26 November 2009 13:04

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

"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 finalize the agreement by October 27 but have mutually agreed to extend their negotiations beyond the original date.

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