Yahoo and Microsoft team up
Source: Agencies |
December 7, 2009, Monday
|
Print Edition
Print Edition
MICROSOFT Corp and Yahoo Inc have signed off on their plan to team up against Google Inc in the lucrative Internet search market.
The step announced last Friday seals the terms of a preliminary agreement announced in late July. The 10-year contract was to be signed by late October, but Microsoft and Yahoo held off to work out some fine points.
Government regulators still must approve the proposed partnership before Microsoft and Yahoo can begin working together.
The two companies believe they will clear that final hurdle early next year. If regulators give their blessing, Microsoft hopes to begin to power Yahoo's search engine in the United States by the middle of the next year.
Microsoft and Yahoo finally came together after a lengthy and often stormy courtship.
The step announced last Friday seals the terms of a preliminary agreement announced in late July. The 10-year contract was to be signed by late October, but Microsoft and Yahoo held off to work out some fine points.
Government regulators still must approve the proposed partnership before Microsoft and Yahoo can begin working together.
The two companies believe they will clear that final hurdle early next year. If regulators give their blessing, Microsoft hopes to begin to power Yahoo's search engine in the United States by the middle of the next year.
Microsoft and Yahoo finally came together after a lengthy and often stormy courtship.
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