Google CEO says he won't delay Yahoo ad deal any further
Google's chief executive said Wednesday the Internet search leader won't delay its proposed advertising partnership with rival Yahoo even if government regulators need more time to assess whether the alliance will diminish competition. After voluntarily delaying the start of the Yahoo deal three months ago to give antitrust regulators time to review the potential impact, CEO Eric Schmidt said he isn't willing to wait very much beyond an Oct. 11 deadline spelled out in the companies' contract. "Time is money in our business," Schmidt said. Schmidt blamed the backlash against the Yahoo partnership on Microsoft's lobbying and Google's own inability to explain the benefits more clearly. "There is a natural fear of things getting larger," he said.
Google CEO says he won't delay Yahoo ad deal any further Google CEO says ready to move ahead on Yahoo deal (Reuters) BusinessWeek take