New York, Sept 15: Long distance giant MCI Communications Corp said it ended its marketing pact with Internet search engine Yahoo! Inc. MCI said the Yahoo partnership, first formed in January, was dissolved effective Monday as MCI sold its Internet assets and closed its merger with WorldCom Inc.MCI and WorldCom closed their $40 billion merger on Monday, following final regulatory approval by the US Federal Communications Commission.
To secure approval for the deal, MCI agreed to sell all of its Internet assets to Britain's Cable & Wireless Plc for $1.75 billion. That sale also closed on Monday.
In January, MCI and Yahoo joined forces to create a jointly branded online service to compete with America Online Inc, the nation's largest online service provider. Yahoo could not be immediately reached for comment.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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