11.05.08
G^H^H… Boo-Hoo!
Quick Mention
Google has announced that it will be canceling its proposed advertising arrangement with Yahoo!, due to a desire to avoid a protracted inquiry process by antitrust regulators.
“Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners,” Google’s chief counsel, David Drummond, wrote in the statement. “That wouldn’t have been in the long-term interests of Google or our users, so we have decided to end the agreement.”
In a response, Yahoo (YHOO 13.93, +0.58, +4.3%) said it was disappointed by the move, which came after regulators signaled their opposition to the arrangement.
“Yahoo continues to believe in the benefits of the agreement and is disappointed that Google has elected to withdraw from the agreement rather than defend it in court,” the company’s statement read.
Does this failure signal the end of get-the-facts style marketing as we know it?
Roy Schestowitz said,
November 5, 2008 at 1:27 pm
Who said that Microsoft AstroTurfing does not pay off?
Meanwhile, the henchman already makes a move.
“Yahoo shares edged up Tuesday as analysts and the company’s own major shareholder and director Carl Icahn said they longed for the Internet search pioneer to entertain a search-only deal with Microsoft.”
http://news.cnet.com/8301-1023_3-10082321-93.html?part=rss&subj=news&tag=2547-1_3-0-20
“Give us your market share,” says the proxy fighter.
Icahn Says Yahoo Should Do Search Deal With Microsoft
“Billionaire investor and Yahoo Inc. (YHOO) board member Carl Icahn on Monday reiterated his position that the Internet giant should consider striking a search agreement with rival Microsoft Corp. (MSFT).”
http://money.cnn.com/news/newsfeeds/articles/djf500/200811031831DOWJONESDJONLINE000597_FORTUNE5.htm
Ichan, who already parked himself inside the board, is already agitating the company again.
Obama should put this man in prison. This whole story has been riddled with political corruption for several months.
Shane Coyle said,
November 6, 2008 at 3:13 am
So, basically, by nixing this deal – which was not a buyout or takeover or anything – just Yahoo! selling ad space on their websites that I can tell, the DOJ has essentially doomed Yahoo! to either assimilation by MS, or perhaps a slow death.
How would that help competition, exactly?
Roy Schestowitz said,
November 6, 2008 at 3:51 am
The DOJ is filled with Microsoft cronies. It’s a known fact, publicly confirmed even by renowned people in this field.
This is not the first time that the DOJ discriminates against Google.