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Sunday, October 5, 2008

Google, Yahoo! Delay Search Deal

SAN FRANCISCO - Google(GOOG Quote - Cramer on GOOG - Stock Picks) and Yahoo!(YHOO Quote - Cramer on YHOO - Stock Picks) are reportedly holding off on their search deal to allow the Department of Justice more time to review it.

Google met with the Department of Justice Friday and reached an agreement, according to Bloomberg, which first reported the story.

Google issued a statement confirming the report.

"As we are still in conversation with the Department of Justice we have agreed to a brief delay in implementing the agreement while those discussions continue," the company said. It did not specify how long the delay would last.

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