Yahoo!7’s YSM search business closes shop in Australia

From Text100 for Red

Yahoo!7 has closed its Yahoo Search Marketing business in a move which sees a number of staff redundancies as the company movies its search inventory to the Google Ad platform in Australia.

The move by the Australian joint venture between Seven West Media and the US-based Yahoo, is a significant shift in the Australian search market, with advertisers no longer able to advertise on Yahoo’s search engine directly and instead obliged to go directly to Google.

A spokeswoman for Yahoo!7 said the company chose to go with Google after Mi9 launched Bing Ads in Australia without migrating advertisers from the YSM Panama platform, which Yahoo!7 uses. Globally Bing and Yahoo! have an advertising alliance in  search however, in Australia it appears the two side have been unable to come to terms.

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