Microsoft, Google And Yahoo Fined $31.5 Million Over Gambling Ads
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Microsoft, (NSDQ: MSFT) Yahoo (NSDQ: YHOO) and Google (NSDQ: GOOG) will pay a combined $31.5 million to settle claims that they improperly ran ads for illegal gambling operations from 1997-2007. By accepting the ads, the DOJ said the companies ran afoul of the Federal Wire Wager Act. Microsoft will pay the largest chunk, at $21 million, with Yahoo and Google at $7.5 million and $3 million respectively. Additionally, both Microsoft and Yahoo have agreed to run ads for an anti-online gambling campaign. Announcement.
Dec 19, 2007 4:18 PM ET
Posted In: Advertising, Legal, Companies, Google, Microsoft, Yahoo
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