Google executives convened an emergency meeting last night to discuss the implications of a possible revived deal between Yahoo! and Microsoft.

The pair are understood to be negotiating a deal concerning the control of advertisements that are displayed next to internet search results, a market that is dominated by Google. The joint venture could be sealed in the next few days.

Speaking at the Google Zeitgeist conference in Hertfordshire, hosted by the internet company’s founders Larry Page and Sergey Brin, Eric Schmidt, the chief executive, said: “After this press conference the three of us will meet and decide what our response is.”

The three companies are fighting over online advertising, which is thought to be worth about $40 billion a year and is expected to double by 2010.

Read more: timesonline.co.uk 

Labels: Eric Schmidt, Larry Page, microsoft, Sergey Brin, Yahoo