Google Inc. and Microsoft Corp. said on Thursday they agreed to settle pending litigation that had barred a former Microsoft executive from heading up the Web search firm's research efforts in China. Microsoft said the former executive, Kai-fu Lee, Google and Microsoft had reached a mutual agreement and had agreed not to disclose specific terms.

The two firms, fierce rivals in the fast-growing and lucrative online advertising market, said they would make no further statements on the matter. "Microsoft, Dr. Lee and Google have reached an agreement that settles their pending litigation," Microsoft said in a statement, adding they "entered into a private agreement that resolves all issues to their mutual satisfaction."

News source: Reuters 





There are 3 additional comments
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(1 reply) Quote this comment Reply to this comment #1 Posted by Croquant on 24 Dec 2005 - 04:22
Dr. Lee will henceforth be cut into two parts, one half handed to Google, the other to Microsoft.
Dr. Lee was unavailable for comment.
Quote this comment #1.1 Posted by bush on 25 Dec 2005 - 11:01
good one
Quote this comment Reply to this comment #2 Posted by Jugalator on 25 Dec 2005 - 15:02
In other news, Larry Page has started to act like he was possessed by the devil
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