Yesterday before Google’s annual meeting of shareholders, Google CEO Eric Schmidt and co-founders Sergey Brin and Larry Page fielded questions from reporters on a range of subjects, including a potential paid search deal with Yahoo and its anti-trust implications. Their argument was that a future paid search deal could be set up in a way to allay such concerns, currently being explored by the US Justice Department. And because of the auction structure of the model, there are no price-fixing implications Brin said. Schmidt simultaneously reiterated his desire that Google and Yahoo work together but said there was no deal to announce at the moment.

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