Yahoo filing reveals more details of Microsoft deal
Aug 05, 2009, 19:32 (2 Talkback[s])
(Other stories by Nancy Gohring)
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"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."