Open

Coming up

Don't miss

Replay


LATEST SHOWS

ENCORE!

Shakespeare’s 450th Birthday : The Best of the Bard

Read more

BUSINESS DAILY

The Tour de France, a PR machine

Read more

IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

Read more

IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

Read more

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Wreckage of Algeria plane found in Mali

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

  • Air Algérie crash: 'We should eliminate the missile hypothesis'

    Read more

  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

EU to investigate Yahoo-Google deal

Latest update : 2008-09-17

A proposed online-advertising deal between Internet giants Yahoo and Google is to be scrutinised by EU competition regulators. The World Association of Newspapers has already denounced what it calls an anti-competitive agreement.

The EU's top competition regulator has opened an investigation into a proposed online advertising tie-up between Internet giants Google and Yahoo, a spokesman said Tuesday.

"This is an agreement between two of the major players on the Internet; clearly we are being prudent" in opening the probe, said Jonathan Todd, spokesman for EU Competition Commissioner Neelie Kroes.

"We don't know whether there is a problem; we are looking at it in case there is," he said of the preliminary investigation which was launched in July.

"We are looking at whether the merger may have some anti-competitive effects in the European area," he added.

Google and Yahoo say the deal is limited to Web properties in the United States and Canada but Google has said there is potential to extend it to other parts of the world.

The World Association of Newspapers (WAN) is asking competition authorities in both North America and Europe to block the advertising deal on anti-competitive grounds.

The Paris-based association said the deal "would have a negative impact on the advertising revenues that the search giants provide to newspaper and other Web sites, and on the cost of paid search advertising.

"WAN believes that the competition that currently exists between Google and Yahoo is absolutely essential to ensuring that our member titles receive competitive returns for online advertising on their sites, and for obtaining competitive prices when they purchase paid search advertising," it said in a statement.

EU commission spokesman Todd said "we are receiving cooperation from both companies" in the Brussels probe.

The enquiry is similar to one which the US Department of Justice launched in July to ascertain whether the deal would stifle competition.

Companies found to be in breach of EU competition rules may face fines equalling up to 10 percent of their revenues.

Date created : 2008-09-16

COMMENT(S)