Chairman John Conyers Jr., D-Mich., and ranking Republican Lamar Smith, R-Texas, said they plan to examine the state of competition on the Internet, with Microsoft's $45 billion offer for Yahoo! being one of the primarty topics. The hearing will be held under the auspices of the committee's task force on antitrust. In a joint statement, Conyers and Smith said, " Microsoft's bid to acquire Yahoo is certainly one of the largest technology mergers we've seen and presents important issues regarding the competitive landscape of the Internet." - Bill McConnell
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