Internet search and content firm Yahoo Inc. spent $620,000 in the third quarter of 2011 as they attempted to fight off U.S. lawmakers and regulators, an increase of 15% over the same time last year when they spent $540,000.
Spent from July through September the money came at a time when Yahoo! fired their veteran CEO Carol Bartz and then began searching for a suitable 20% minority partnership or majority stakeholder for the company.
While Yahoo has become more active in their lobbying efforts they still trail far behind other company’s in the industry including Google ($2.4 million) and Microsoft ($1.9 million).
Issues covered by the company’s efforts are far sweeping and including e-commerce, corporate governance, tax policy, internet based journalism, executive compensation, internet security and others according to the company’s Oct. 20 disclosure statement.
Among Yahoo’s targeted groups have been the Federal Communications Commission (FCC), Federal Trade Commission (FTC), Commerce Department and the U.S> Trade Representative among others.
With the company preparing for a potential new suitor there’s the distinct possibility that they could end up spending more in Q4 2011 to skirt any governmental issues that may arise from a potential buyout.