Yahoo filing reveals more details of Microsoft deal

"Five years into the 10-year agreement, Microsoft can opt out of the exclusive engagement for Yahoo's ad sales services, according to the filing. If it does, Yahoo will then keep 93% of the search revenue generated on sites owned and operated by Yahoo, instead of 88%. But Yahoo can also decide to remain the exclusive premium ad sales provider, in which case it will settle for an 83% share of the revenue. If Microsoft doesn't end the exclusive arrangement, Yahoo's share of the revenue will go up to 90%...

"Microsoft agreed to hire at least 400 Yahoo workers. Yahoo can use the $50 million payments to help cover transition and implementation costs, it said."

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