Yahoo Inc. and Google Inc. have sent the Justice Department a revised version of their search-advertising agreement, shrinking its scope as regulators prepare to bring suit against the agreement if a deal isn't reached, according to people familiar with the matter.

The new plan, which the online-ad giants submitted over the weekend, comes as the companies face mounting pressure to ditch or revise the pact. The companies struck a fairly open-ended agreement in June that allowed Yahoo to display search ads sold by Google and share the revenue. Under that agreement, Yahoo was able to select how many Google-sold search ..

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