San Francisco, Nov 6, Google has officially called off its proposed advertising alliance with Yahoo following anti-trust opposition from the US Justice Department, the companies said Wednesday.”After four months of review, including discussions of various possible changes to the agreement, it’s clear that government regulators and some advertisers continue to have concerns about the agreement,” David Drummond, Google’s chief legal officer, wrote on the company’s blog.

Yahoo may be feeling down as the company hoped to make as much as $450 million per year. Google also may be feeling down, as it has also affected their earning.

“Yahoo continues to believe in the benefits of the agreement and is disappointed that Google has elected to withdraw from the agreement rather than defend it in court,” Yahoo said in a statement.

News Source: MSN India