The Deal
Saturday, November 7, 
7:41 pm

Google, Yahoo! likely to drop venture

  Share     E-Mail    Discussion (1)     Print Story
MicrosoftYahooGoogleLogos.pngA proposed joint venture between rival Internet companies Google Inc. and Yahoo! Inc. appears headed for the trash bin, just ahead of an expected U.S. Department of Justice challenge to the agreement, lawyers close to the deal told The Daily Deal.

Continue reading below

Also on Dealscape

Assistant Attorney General Tom Barnett met on Oct. 17 with lawyers for the parties for the second time in two weeks. The bottom line of the meeting was grim, said one lawyer who asked not to be identified.

The DOJ could file a complaint seeking a preliminary injunction on the agreement even as the parties assess their options. Antitrust lawyers said the government would have to clear a high hurdle to win a preliminary injunction. But it is even less likely that Google and Yahoo! would want to battle the government in court over such a controversial deal, particularly while the financial market is so precarious, the lawyer said.

Yahoo! reached out to Google shortly after it rejected a $44 billion offer from rival computer behemoth Microsoft Corp. earlier this year. - Cecile Kohrs Lindell

For more, see Tech Confidential





Comments

From: Robert Barr,

Just clears the way for someone to come in and cart off this corpse of a company (Yahoo) just before they flat line! Good work Jerry!


Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.