If only we could all take our bad relationship complaints directly to a congressional hearing. At an anti-trust hearing yesterday an exec for Microsoft whose recent proposal to Yahoo was thrown back in their face “painted an alarmist portrait” of Yahoo’s outsourcing deal with Google saying if the deal went through Google would essentially control 90% of online ad marketing, making any sort of competition impossible. What this exec neglected to mention is that if the Yahoo/Google deal somehow falls apart, due to Congressional interference or other stuff, Yahoo would be weakened and further susceptible to a bid from, you guessed it, Microsoft! (as if we all haven’t tried similar post-break-up tactics).
One of the judges wanted to know how a Microsoft/Yahoo deal would be less threatening to the American consumer than a Google one and another wondered whether a Google deal would just result in Yahoo being the “newest satellite in the Google orbit.” However, in the end lawmakers “refrained from passing judgement” yesterday. Yahoo’s shareholder meeting is set for August 1.