Google abandons ad deal with Yahoo

Google Wednesday abandoned its advertising deal with Yahoo, citing regulatory concerns.

"Pressing ahead risked not only a protracted legal battle but also damage to Google's relationships with valued partners," Google said in a statement. "That would not have been in the long-term interests of Google or its users, so Google has decided to withdraw from the agreement."

(More to come.

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Google Wednesday abandoned its advertising deal with Yahoo, citing regulatory concerns.

"Pressing ahead risked not only a protracted legal battle but also damage to Google's relationships with valued partners," Google said in a statement. "That would not have been in the long-term interests of Google or its users, so Google has decided to withdraw from the agreement."

(More to come.

The IDG News Service is a Network World affiliate.