A partnership between Yahoo! and Microsoft – which has Yahoo!’s search producing results from Microsoft’s search engine Bing – must be upheld in Taiwan and Hong Kong, a judge ruled.
US District Judge Robert Patterson Jr. ruled Yahoo! cannot back out of the alliance, inked to last a decade and signed in 2009. The partnership aimed to compete against search dominator Google.
The deal was made under former leadership for both Yahoo and Microsoft. Now, reports say Yahoo!’s current CEO Marissa Mayer attempted to slow the rollout of the search alliance within Taiwan and Hong Kong because she was unhappy with the deal.
Judge Patterson Jr. ruled that the search partnership must be implemented by October 28 in Taiwan and by November 11 in Hong Kong.
Reports say part of the reason Mayer wanted to delay the implementation of the partnership was to ensure that the terms of the deal would remain the same under Microsoft’s new CEO, following the exit of its current head Steve Ballmer.
According to reports, the search partnership was made following Yahoo!’s decline of a $44.6 billion buyout offer from Microsoft. The two companies have implemented their joint venture in 14 of their targeted 16 global markets so far.
Full content: Forbes
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI