Microsft, Yahoo and MSN Lose Bets to US Government
Within a week of the US locking foreigners out of its online gambling market, the three biggest search companies – Google, Yahoo and Microsoft – have all decided to settle with the US Goverment on cases regarding the promotion of online gambling, which is illegal in the US. The total amount forfeited was $31 million – much of which was in the form of advertising credit.
Google was required to settle for the least amount – $3 million. Yahoo paid $12 million – $4.5 million of payment in the form of advertising on the Yahoo Network. Microsoft forked out the most, with a total settlement worth $21 million – $9 million of which is in advertising credits to be used for public service announcements.
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