DOJ Hires High-Power Lawyer For Possible Google/Yahoo Antitrust Challenge (GOOG, YHOO)
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According to reports from the Wall Street Journal, the U.S. Justice Department has hired one of the nations best-known litigator, Sanford Litvack, for a possible antitrust challenge to Google's (Nasdaq: GOOG) search-advertising deal with Yahoo Inc. (Nasdaq: YHOO).
Google and Yahoo! combined account for more than 80% of U.S. online-search ads.
The paper said that for weeks U.S. lawyers have been deposing witnesses and issuing subpoenas to support a case against the deal.
The paper said it isn't clear if the U.S. challenge would just target the Google-Yahoo deal, or more broadly target Google for its conduct in the growing online ad market.
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