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Google abandons deal with Yahoo
November 7, 2008
Google has decided to abandon its advertising partnership with Yahoo to avoid having a "protracted legal battle" with regulators.
The deal involved Google providing some of the advertising around Yahoo's search results and would have been worth $800m (£494m) a year to Yahoo.
It was originally announced in June but has faced anti-trust objections.
Yahoo said in a statement it was disappointed that Google had decided not to fight for the deal in court.
Source: BBC
Posted on Nov 08, 2008 - 10:30 AM
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