Business | Technology
Google withdraws from Yahoo search ad deal
Google Inc has withdrawn from a search advertising deal with Yahoo Inc amid opposition from antitrust regulators and advertisers, Google announced on Wednesday.
- Agencies
- Published: 19:45 November 5, 2008
- Google has scrapped plans for a search ad deal with Yahoo.
- Image Credit: Gulf News archive
Washington: Google Inc has withdrawn from a search advertising deal with Yahoo Inc amid opposition from antitrust regulators and advertisers, Google announced on Wednesday.
In a blog posting on Wednesday, the internet giant's chief legal officer David Drummond said: "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."
"We're of course disappointed that this deal won't be moving ahead," he said.
The internet pioneers announced the planned partnership in June but delayed implementation to allow the US Justice Department to scrutinise it for antitrust issues.
Google and Yahoo combined form more than 80 per cent of the web search market in August, according to comScore Inc.
Share this article
Related Articles
-
Yahoo!, Google rewrite deal draft
Yahoo! and Google rewrite advertising deal draft
-
Google may scrap Yahoo deal
Google may scrap Yahoo deal
More from Technology
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Hamdan opens interior design expo
Index 2009 will feature 1,000 exhibitors from 47 nations
-
Travel insurance offers peace of mind
The wisest thing to do is to take out travel insurance before you leave.
-
Cost of living likely to stay subdued
Ministry of Economy figures show sharp increases for some imported items
