EU sets deadline for Microsoft/Yahoo deal review

19 January 2010 @ 09:28 am EDT

BRUSSELS- The European Commission has set a provisional deadline of Feb. 19 to decide whether to clear a bid by Microsoft to acquire control of Yahoo Inc's search engine business.



A technician adjusts a spotlight at the exhibition stand of Microsoft in preparation for the CeBIT computer fair in the northern German town of Hanover March 12, 2007.
1 of 1

The parties notified the European Union's competition watchdog last week, a list of planned mergers under review on the Commission's website showed on Tuesday.

"The notification concerns the acquisition of control by Microsoft of Yahoo Inc's online web-wide algorithmic search and paid search advertising business," the Commission said.

U.S. software giant Microsoft and Yahoo announced the Internet search deal in July last year in a move that could challenge market leader Google.

(Reporting by Bate Felix, editing by Dale Hudson)

Copyright 2009 Thomson Reuters. All rights reserved.

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy