Google CEO Worried Over Microsoft’s Yahoo Acquisition

By Dan Keane
22:37, March 17th 2008
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Google CEO Worried Over Microsoft’s Yahoo Acquisition

Google CEO, Eric Schmidt, said he is concerned that Microsoft’s Yahoo acquisition could affect the free flow of information on the World Wide Web, Reuters reports.

"We would be concerned by any kind of acquisition of Yahoo by Microsoft," Eric Schmidt said.

"We would hope that anything they did would be consistent with the openness of the Internet, but I doubt it would be,” he added. However, Eric Schmidt declined to give any other details about the reasons of his concern.

Eric Schmidt’s affirmations follows after last month, Google co-founder Sergey Brin said after an event at the Mountain View-based company's headquarters that Microsoft's bid for Yahoo is an "unnerving" maneuver.

"The Internet has evolved from open standards, having a diversity of companies," Brin said while speaking with The Associated Press. "And when you start to have companies that control the operating system, control the browsers, they really tie up the top Web sites, and can be used to manipulate stuff in various ways. I think that's unnerving," Grin added.

Last month Microsoft announced its $44.6 billion bid for Yahoo, a bid whose value now stands at around $41 billion due to a drop in Microsoft's stock price. On February 11, Jerry Yang rejected the Microsoft’s bid saying that it undervalues the company.

In fact, Google was quick to announce its position about Microsoft-Yahoo deal. In February, two days after Microsoft made public its intentions about Yahoo, David Drummond, openness of the Internet.

The openness of the Internet is what made Google - and Yahoo! - possible. A good idea that users find useful spreads quickly. Businesses can be created around the idea. Users benefit from constant innovation. It's what makes the Internet such an exciting place. So Microsoft's hostile bid for Yahoo! raises troubling questions. 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,” wrote Drummond.



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