Corporate & Securities Law

Goolge and Yahoo Are Not Going To Be Partners

By David Fischer

The AP (via the New York Times) reports:

Google Inc. and Yahoo Inc. have scrapped their Internet advertising partnership, abandoning attempts to overcome the objections of antitrust regulators and customers who believed the alliance would give Google too much power over online commerce.

…

The Justice Department signaled it was considering a legal challenge to the deal in September when it hired veteran antitrust lawyer Sanford Litvack to review the case.

The Wall Street Journal reported Monday that Google and Yahoo had proposed restrictions on the deal — capping the amount of search ads Yahoo could outsource to Google — in a late bid to win favor. Google’s statement Wednesday indicated the idea didn’t fly.

Full post as published by Antitrust Review on November 05, 2008 (boomark / email).