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NEW YORK Yahoo!’s $1.63 billion proposed acquisition of Overture has passed a mandatory antitrust review by federal regulators.
The Sunnyvale, Calif.-based Web portal said yesterday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, satisfying one of the customary conditions for the purchase.
Overture yesterday scheduled a special stockholder meeting for Oct. 7 to vote on the cash-and-stock transaction.
In July, Yahoo! announced its plans to acquire Overture, a Pasadena, Calif.-based
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