Google withdraws advertising deal from Yahoo!, Yahoo! pleads with Microsoft to buy it

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yahoo-logo-2.jpgSearch giant Google has withdrawn its potential advertising deal with Yahoo! due to fears of regulatory denial and the hassle of associated lawsuits. It’s a move that leaves Yahoo! floundering without a clear direction, and has led many bloggers to call for the head of CEO Jerry Yang.

Yahoo! has a lot of good stuff in the pipeline, and it’d be a great shame if it goes under. After rejecting a deal with Microsoft earlier this year, however, they’re now pleading with the software giant to buy them. CEO Yang says: “We’re willing to sell the company.”

It remains to be seen what’ll happen, but one thing’s for sure – there are rocky times ahead for the owner of the most popular portal on the internet.

Yahoo! (via BBC)

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Duncan Geere