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Why Google Canned Yahoo Search Deal

Google Chief Legal Council David Drummond made the announcement last month that Google had pulled out of the search advertising deal with Yahoo. Now we know why. Sanford "Sandy" Litvack, the prosecutor hired by the Justice Department to head the case, told The AM Law Daily that the government was only three hours away from blocking the deal, in news initially reported in TechCrunch.

Nate Raymond puts the legal jargon into perspective. "The complaint would have sought a preliminary injunction to stop the agreement from going forward," he writes, explaining that Litvack acknowledged Microsoft and other companies lobbied to block the agreement, both publicly and privately.

Read the whole story at The AM Law Daily »

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