Google Comes Out Against MS-Yahoo Merger
Stating that a combining of two giants of the New Economy “raises troubling questions,” Google made clear late last week that they’re not enthused about the idea of Microsoft purchasing Yahoo.
In a posting to the Official Google Blog, Google executive David Drummond wrote that “this is about more than simply a financial transaction, one company taking over another. It’s about preserving the underlying principles of the Internet: openness and innovation.” Drummond is the company’s senior vice president for corporate development, and also its chief legal officer.
Microsoft said Friday that it had submitted a $44 billion unsolicited bid to mount a hostile takeover of Yahoo. Yahoo pledged to “study” the situation.