Report: Silicon Valley Lawmakers Defend Proposed Google/Yahoo Deal

Eleven lawmakers, led by Silicon Valley Reps Anna Eschoo. Zoe Lofgren and Mike Honda have expressed their support for the proposed Google/Yahoo advertising deal saying that blocking the agreement could hurt innovation and competition.  The controversial deal is still under review by the Feds, with indications that there will be substantial hurdles to overcome before the agreement is approved. Concerns revolve around the possibility of the duo controlling up to 90 percent of all net advertising with an international trade group representing large advertisers weighing in against the deal recently.

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