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NEWS

11:55 AM, 11 Jul 2008

Independent Yahoo better for business: Google

Reuters

SUN VALLEY, IDAHO -- An independent Yahoo Inc is better for business, according to Google Inc chief executive Eric Schmidt, saying a combination with Microsoft Corp would be anti-competitive.

"The world is better off with an independent Yahoo," Mr Schmidt told reporters. There's "more competition ... in search, and more competition in the other advertising markets where Yahoo is a leader."

Microsoft made an unsolicited offer to buy Yahoo for an estimated $US47.5 billion earlier this year, but after Yahoo sought a higher price, Microsoft walked away from the discussions. Yahoo later signed a search advertising deal with Google.

Mr Schmidt, speaking to reporters at the annual Allen & Co gathering of media and technology moguls, also said Google's relationship with the media industry had improved over the last year, despite still facing a copyright infringement filed by MTV Networks owners Viacom Inc.

Mr Schmidt said Viacom's recent demands to hand over user viewership data for its popular YouTube service was a "mistake" and added that the entire lawsuit should be "retracted."


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