Financial Times FT.com

Google and Yahoo delay search ad partnership

By Richard Waters in San Francisco

Published: October 4 2008 00:45 | Last updated: October 4 2008 00:45

Google and Yahoo on Friday backed away from a potential confrontation with anti-trust regulators, announcing a delay to their controversial search advertising partnership to allow more time for consideration of the deal.

The delay came despite an earlier assurance by Eric Schmidt, chief executive of Google, that the partnership would go ahead regardless of when the Department of Justice completed its review.

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