TITLE

UPDATE: Google Scuttles Yahoo Deal

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/5/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Google to terminate its cooperative advertising deal with Yahoo declaring that it would scuttle the deal rather than mount a legal defense in the face of a regulatory challenge. That deal was outlined in June 2008 as Yahoo sought to evade the grasp of Microsoft, which initiated an unsolicited takeover bid four months earlier. In a statement, Sunnyvale, California-based Yahoo said it was disappointed in Google's decision to withdraw from the agreement rather than defend it in court.
ACCESSION #
36586114

 

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