Google Pulls Out Of Yahoo Deal; Will MSFT Re-Bid? Posted by Eric SavitzGoogle (GOOG) announced in a blog post this morning that it is pulling out of its advertising outsourcing agreement with Yahoo (YHOO).
The company said the decision reflects opposition to the deal by both regulators and customers.
In a post by David Drummond, SVP-Corporate Development and Chief Legal Officer, wrote that “after four months of review, including discussions of various possible changes to the agreement, it’s clear that government regulators and some advertisers continue to have concerns about the agreement. Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners. That wouldn’t have been in the long-term interests of Google or our users, so we have decided to end the agreement.” ...