Facts about the Yahoo-Google advertising agreement

Although Google and Yahoo! are not required to receive regulatory approval of the arrangement before implementing it, the companies voluntarily agreed to delay implementation for up to three and a half months to give the U.S. Department of Justice time to review the arrangement. We are confident that the arrangement is beneficial to competition.

Just as we are continuing to have cooperative discussions with the Department of Justice about this arrangement, we voluntarily reached out to state attorneys general to explain the deal when we first announced it. We continue to have discussions with them about the agreement as well.

The agreement is limited in scope to Yahoo!'s U.S. and Canadian websites, and it will not have any significant effect on Europe. We are of course co-operating with the European Commission and are confident that they will reach the same conclusion.