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McCain Googles his potential VP… and the Yahoo – Microsoft deal goes on freeze mode again..

It turns out that choosing a potential vice presidential candidate is no big deal, thanks to Google! Republican presidential hopeful John McCain jokingly remarked that the incredibly popular search engine has made his job of scouting for vice presidential hopefuls much easier.

“You know, basically its a Google!!”, he announced amidst raucous laughter at a fund-raising luncheon when asked to comment on how his selection process was going. He also commented that he found the reach of the Internet today to be remarkable.

Vice-presidential hopefuls go through an excruciatingly rigorous screening process to determine how much help they might offer to a presidential candidate to clinch the White House and to make sure that they have no hidden skeletons that might be damaging down the campaign route. McCain, who is a senator from Arizona, clinched the republican ticket earlier this year. He said he still had some time left to decide on Number Two.

Yahoo has finally gathered all the anti-trust information required to make a decision on giving the nod on an ad outsourcing deal with Google, but it has just begun to explore that very issue for a possible scaled-down agreement with Microsoft, according to sources. This means that any deal requiring Yahoo to turn over its search related business completely to Microsoft is not imminent.

February 1, 2008 was the date when Microsoft attacked Yahoo with an unsolicited bid for a full buyout at $31 a share. This led Yahoo to review various anti-trust ramifications connected with the issue. In mid-may, Microsoft withdrew its offer and came back three weeks ago with an announcement that it was restarting talks – this time around, the discussions were about a partial transaction and not a full outright purchase.

Both Yahoo and Microsoft will try to save time by using some of the existing anti-trust material gathered when the full takeover was on the table, but this won’t guarantee a speedier review process by the federal regulators. Representatives from both Yahoo and Microsoft declined to comment on the issue.

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