The search agreement between Yahoo! (Nasdaq: YHOO) and Microsoft (Nasdaq: MSFT) is official.
The U.S. Department of Commerce and the European Commission gave their blessing to the partnership on Thursday. There was little doubt that it would happen. Microsoft has had its run-ins with European antitrust regulators in the past, but this is search -- a market completely dominated by Google (Nasdaq: GOOG).
Microsoft's Bing is a promising rookie, but Yahoo! continues to sink like a stone. Surrendering to the software giant obviously isn't going to help Yahoo!'s attractiveness as a bookmarked search hub. CEO Carol Bartz arrived after the testy buyout negotiations fell through, but Yahoo! shareholders would have been better served by an outright acquisition than this subsidized kowtowing.
Regulators weren't going to object to this on antitrust grounds, but how could they put up with enabling Yahoo!'s snuff film?
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
Until next week, I remain,
Rick Munarriz
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