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Google and Yahoo postpone advertising deal

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On October 6, 2008, 2:18 PM

Amid growing concerns, Google and Yahoo have announced their planned advertising alliance will be “briefly” delayed. While Google recently said they expected to move ahead with the deal, with or without the approval of government regulators, apparently Yahoo had no such plans.

Both companies released similar statements over the weekend, saying they have now agreed to a brief delay in order to continue their ongoing discussions with the Department of Justice – though they didn’t specify how long they intend to wait. Google and Yahoo’s combined search market share would be a staggering 83%, a number that most parties are not comfortable with, including Google rival and former Yahoo suitor Microsoft.

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