U.S. to scrutinize Joint Venture Yahoo tie-up with Google
The Justice Department has hired an antitrust litigator to review the partnership. ‘This deal is not healthy for competition’
Creating a powerful joint venture can sometimes have a detrimental effect on ones ability to sleep soundly.
When the US department of justice gets it’s claws into you, what should you do?
Most joint joint ventures are simply not on this scale so you are extremely unlikely to have this much focus or attention from the powers that be.
The obvious winners here are the legions of lawyers,consultants and advisor’s that are sitting on the sidelines just waiting for the opportunity to pounce.
Happy sleeping and joint venturing!
Steve
Here is part of the story with links to follow;
SAN FRANCISCO — Yahoo Inc.’s plan to boost its profit in an online advertising partnership with rival Google Inc. could be moving into the crosshairs of the U.S. Justice Department, which has hired an antitrust litigator to review evidence for a possible legal challenge to the deal.
The lawyer is Sanford Litvack, The Wall Street Journal reported yesterday. He’s a former vice-chairman at Walt Disney Co. and chief of the Justice Department’s antitrust division during the Carter administration.
Mr. Litvack is reviewing evidence the department has gathered in what could become an antitrust case focused either on Google itself or on the search-advertising partnership it announced with Yahoo in June, the report said. That deal was part of Yahoo’s attempt to ward off a takeover attempt by Microsoft Corp.
A Justice Department spokeswoman declined to comment.
Tags:antitrust division,google inc,michael liedtke,takeover attempt,us department of justice,walt disneyRelated posts
Tags: antitrust division, google inc, michael liedtke, takeover attempt, us department of justice, walt disney
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