Saturday, December 5, 2009

Yahoo, Microsoft Finalize Search Deal

Yahoo CEO Carol Bartz and Microsoft CEO Steve Ballmer first approved a search deal in July, but the matter took a little extra time to complete. (Credit: Yahoo/Microsoft)

From CNET News:

Yahoo and Microsoft have finalized their agreement to install Microsoft as the exclusive search provider for Yahoo's network of sites, the companies announced Friday.


The deal, first reached in July, still needs to be approved by the U.S. government before it becomes final. But the companies said in October that they needed more time to complete the deal due to the "complex nature of this transaction," and Friday's announcement is likely the result of hundreds of hours of painstaking review from expensive lawyers.

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