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Immediately after the Yahoo Google Deal break apart, Susan Decker, President at Yahoo sent out an internal memo to Yahoos, which is leaked – probably because it was meant to be leaked in the first place. The essence of the memo is “Dont Worry, Be Happy”:

Yahoos,

Earlier today we announced that Google has terminated the advertising services agreement Yahoo! (NSDQ: YHOO) and Google announced in June. Yahoo! continues to believe in the benefits of the agreement and we are disappointed that Google has elected to withdraw from the agreement rather than defend it in court. Google notified us of its refusal to move forward with implementation of the agreement following an indication from the Department of Justice that it would seek to block it, despite Yahoo!’s proposed revisions to address the DOJ’s concerns.

While this turn of events is regrettable, it’s important for all Yahoos to recognize that our agreement with Google was just one of many efforts that we have underway to accelerate our strategy. While the implementation of the services agreement with Google would have enabled Yahoo! to accelerate its investments in its top business priorities through an infusion of additional operating cash flow, this deal was incremental to Yahoo!’s product roadmap and does not change Yahoo!’s commitment to innovation and growth in search. The fundamental building blocks of a stronger Yahoo! in both sponsored and algorithmic search were put in place independent of the agreement.

[via PaidContent]