Yahoo Reaches Search Deal with Google

Yahoo! and Google has reached a non-exclusive agreement and is for a ten year period. The first renewal period is after four years with at least two more renewal periods in the remaining six years. The deal came after Yahoo announced that it had concluded discussions with Microsoft Corp. without reaching any sort of merger agreement.

After withdrawing its bid for the company, Microsoft proposed buying Yahoo’s search business for $1 billion and taking a 16% stake in the company for $35 a share, or about $8 billion, Read the rest of this entry »Tags:, ,

Posted on June 15th, 2008 in Finance, Money| No Comments »

7:35 am - Mon 8 Sep 2008