Wednesday, November 20th, 2019

Yahoo! has filed a document with the SEC stating the obvious: that their search deal with Microsoft did not get finalized by October 27, 2009. But the statement also said that progress was being made: On October 28, 2009, Yahoo! Inc., a Delaware corporation (“Yahoo!”), and Microsoft Corporation, a Washington corporation (“Microsoft”), mutually agreed to extend the period to negotiate and execute a Search and Advertising Services and Sales Agreement and a License Agreement (the “Definitive Agreements”) reflecting and supplementing the provisions of such agreements as set forth in annexes to their binding letter agreement dated July 29, 2009 (the…

The American Association of Advertising Agencies (AAAA) has written an open letter to the U.S. Department of Justice, urging them to approve the Microsoft-Yahoo! search deal. Announced at the end of July, the deal has Microsoft and Yahoo! partnering up on search in order to create what will become the number 2 search service in the United States. In the letter (PDF), Nancy Hill, President and CEO of the AAAA, wrote: These benefits are too important to wait for. As leading members of the advertising and marketing services industry, we urge the Department of Justice to bring its antitrust review…