Google Nixes Yahoo Ad Deal
Google announced Wednesday that regulatory scrutiny has caused the company to jettison plans to strike an advertising deal with Yahoo, PC Magazine reports.
“Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners,” David Drummond, Google’s chief legal officer, wrote in a blog post. “That wouldn’t have been in the long term interests of Google or our users, so we have decided to end the agreement.”
This arrangement scuttles Yahoo’s big Plan B after rejecting the Microsoft merger.
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