November 5, 2008
After months of working to overcome anti-trust issues, Yahoo (YHOO: 36.35 +6.26%) and Google (GOOG: 556.54 +3.75%) have called off their “strategic partnership” that would have Google selling ads on Yahoo web properties. Yahoo struck this partnership in a move following it fighting off Microsoft, which earlier this year offered $33-36 per share for the internet company, which now represents a 3x premium to today’s price.
Regardless, the failure of this deal will likely put Yahoo in play again for Microsoft, or might even open the door to another partnership involving AOL. Either way though, I suspect there will be additional layoffs at Yahoo through early next year. They’ve announced 1500 so far and word is that there is another round of layoffs just as big set for early next year.
- Yahoo Cuts a Deal with Google
- The Yahoo-Microsoft Soap Opera Continues
- Layoff Announcements; Expo San Jose Store Closing
- Google, IBM Cut Jobs; Legal Cuts Continue
- Microsoft Bids For Yahoo; Facebook Numbers Leaked