Smartphone and Gadget News by ElectroGeek

Microsoft Corp, Google Inc and Yahoo Inc agreed to a settlement worth $31.5 million to resolve accusations that the companies promoted illegal Internet gambling, the Justice Department said on Wednesday.

The companies were accused of receiving money from online gambling businesses to advertise illegal betting from 1997 through 2007.

As part of the settlement, the companies will pay cash to the U.S. government and provide millions of dollars worth of public service advertisements informing young adults and teenagers that Internet gambling is illegal.

Full Story Via Reuters

Filed under: Business and Finance, Offbeat News