Google CEO Eric Schmidt Ready To Start Yahoo! Ad Deal; Accuses Microsoft of Slowdown
Google Inc. (NASDAQ:GOOG) CEO Eric Schmidt is ready to start their advertising deal with Yahoo! Inc. (NASDAQ:YHOO). Eric Schmidt even accuses Microsoft Corporation (NASDAQ:MSFT) of slowing down the deal.
“We are quite certain that Microsoft is busy helping everyone get upset about these things,” stated Schmidt when discussing antitrust issues with a reporter. Schmidt added that regulators are doing a proper job in reviewing the advertising deal with Yahoo! Schmidt believes that the reviewing is not necessary, but is committed to starting the deal by October. When the reporter asked if Google will limit the number of ads to appear alongside Yahoo! properties, Schmidt declined to answer.
When Microsoft made the bid for Yahoo! on February 1st, 2008, the Yahoo! stock price soared from $19.18 per share to $29.33. Since then, Yahoo! stock has plummeted to $18.88 per share as of today. Perhaps when regulators approve the deal, we’ll see another jump in the Yahoo! stock.