Eric Schmidt, Google CEO confirmed that despite scrutiny from U.S. Justice Department, the Google Yahoo advertising partnership will proceed with the agreement by early October. “We are going to move forward,” Schmidt said Thursday. We are in the process of talking to the government. They've not indicated one way or the other how they're dealing with us. We always worry a little bit, but we think our arguments are pretty strong, Schmidt said. Yahoo has made it very, very clear they're going to take the best parts of their network and ours and combine them.
Google is trying to pull off the deal amid concerns it will give the search-engine leader too much power in the $65 billion online-advertising market. The companies signed the agreement after a six-month-long struggle by Microsoft to acquire Yahoo for as much as $47.5 billion.