Microsoft, Google And Yahoo Fined $31.5 Million Over Gambling Ads
By Joseph Weisenthal - Wed 19 Dec 2007 02:18 PM PST
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.
Posted in: Advertising, Companies, Google, Microsoft, Yahoo, Legal
