However, 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. Pressing ahead risked not only a protracted legal battle but also damage to relationships with valued partners. That wouldn't have been in the long-term interests of Google or our users, so we have decided to end the agreement.
[edited by: encyclo at 5:43 pm (utc) on Nov. 5, 2008] [edit reason] added quote [/edit]
Msg#: 3780657 posted 4:26 pm on Nov 5, 2008 (gmt 0)
Very interesting reaction in Yahoo's Stock price to that news!
Not really. Now one of the major roadblocks for an acquisition by MSFT is gone. Not that Ballmer would be interested any longer (as he realized that integration of YHOO might be next to impossible for numerous reasons). Still some may speculate that it could happen.
Msg#: 3780657 posted 5:42 pm on Nov 5, 2008 (gmt 0)
Not suprised to hear that - the deal was only to buy time and stop Microsoft's takeover, Google achieved its goals but what about Yahoo's shareholders who could have had so much more money? It seems to me Young is going to get fired for this fatal mistake, Microsoft is sure not stupid and won't pay now the amounts they offered - Yahoo will be glad to get over $20 per share.
Msg#: 3780657 posted 12:09 am on Nov 6, 2008 (gmt 0)
In my opinion, Google realized that the Pandora's box would be open once the government steps in. This is NOT a auction bid system, is a system that has hidden rules that they change how they wish and when they wish, that once the government scrutinized and understood would have been made illegal.