$46 Billion in Google Internet Monopoly Game
Google, Yahoo and Microsoft are engaged in a giant battle for control of the internet.
Google has entered the battle for control of the internet. It has made an offer of around $46 billion for Yahoo.
This outbids Bill Gates and Microsoft who wants control of Yahoo to break Google’s tight hold on the internet search engine and marketing markets. Google claim that Microsoft’s bid might put free email and instant messaging services such as those provided by
Hotmail
at risk.
There are rumours that Eric Schmidt, Google boss, has approached Yahoo with a proposal that would help them fend off the advance of Microsoft. This is a massive battle of the giants. Competition laws prevent Google from buying up Yahoo totally, but they may be able to get what they want in other ways.
The news on the street is that Google may lend money to other potential bidders like Time Warner, or News Corp.
More than 50% of US internet searches are made through Google, with Yahoo in second place and Microsoft behind. There is so much internet power in the hands of these three companies that monopoly regulators in US and Europe are likely to be keeping a close eye on developments here.
Yahoo is still uncertain about joining forces with Microsoft to challenge Google’s dominance.
The money discussed here around bids and counter bids, is like a giant game of internet Monopoly and less competition out there can only be detrimental to ordinary everyday users.
8 Comments
The whole thing is pretty scary. Such huge power in so few hands.
I like Yahoo, and hope Yahoo stays strong!
Great article, I have been keeping my eye on this development too.
Great artilce, and interesting too.
yikes! i like google, but, somehow i don’t think that they should buy yahoo because competition is a good thing
great article!
Google, it’s raw power online is comparable to Behemoth Walmart stores in the physical world.
Fantastic and informative article. I bet if you did a little more digging around, you’d probably discover that some US Politicians actually sits on the boards of these three corporate monopolies. The only way that corporations can become monopolies is with the blessings of US and European politicians and regulators.
It plays right in the hands of world socialism and confinement of personal freedoms as these Internet companies can edit or block any website or piece of information that is published on the Internet with one or two clicks of the mouse. Just get ready to have less options to choose from on the Internet in the next few years.
Google was helping China block, edit, and censor the Internet that the Chinese people are allow to see. If Google has done this before, then it is only a matter of time before Internet censorship comes to a country like yours.
God Bless,
Nelson Doyle
ohhhhhhhhhhhhh
yeah