Yahoo Filing Reveals Details of Microsoft Deal 65
CWmike writes "Microsoft will pay Yahoo $50 million a year for three years and will hire at least 400 Yahoo employees as part of the companies' recent search agreement, according to a filing with the US Securities and Exchange Commission. Yahoo's form 8-K, which appeared online on Tuesday, reveals a few additional details about the agreement. The deal, announced last week, will mean that Microsoft's Bing search engine will power Yahoo's search site and Yahoo will sell premium search ad services for both companies. 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 percent of the search revenue generated on sites owned and operated by Yahoo, instead of 88 percent. But Yahoo can also decide to remain the exclusive premium ad sales provider, in which case it will settle for an 83 percent share of the revenue. If Microsoft doesn't end the exclusive arrangement, Yahoo's share of the revenue will go up to 90 percent."
Re:Embrace, Extend, Extinguish (Score:3, Funny)
Microsoft reaches search deal with Yahoo!!! (Score:3, Funny)
As Microsoft's search engine share sunk to its lowest level yet, with approximately 8 to 9 queries total worldwide [today.com], Steve Ballmer has hooked up with Yahoo! and its 21 queries worldwide.
The press conference was held on a street corner in San Francisco as Mr Ballmer and Jerry Yang sat with their hats on the sidewalk and playing harmonicas with a "WILL WEBSEARCH FOR FOOD" sign behind them.
"Understandably, we expect less activity in the Great Recession," said Mr Ballmer. "Nobody knows what value assets should be ⦠say, you aren't finished with that cigarette, are you?"
Press attendees included a schizophrenic local resident in a tinfoil hat ("to keep Google out"), two teenagers drunk on malt liquor and a policeman keeping an eye on things from a distance. The teenagers taunted, confused and upset Mr Ballmer by suggesting he attempt to locate his own posterior.
"My new search technology is unstoppable! Just look at this netbook!" shouted Mr Ballmer, waving an Etch-a-Sketch in a threatening manner. "IT'S MAUVE! IT RUNS WINDOWS SEVEN! LINUX PUT A RADIO IN MY HEAD! I'LL SHOW 'EM ALL! BASTARDS!"
"Some love stories are eternal," said Mr Yang. "Romeo and Juliet. Heloise and Abelard. Leopold and Loeb. Microsoft and Yahoo."
Re:Embrace, Extend, Extinguish (Score:1, Funny)
Yo dawg, I herd you like search, so I put this search engine in a search engine.
Why are stupid memes like this promoted to +4, Funny? Who finds this tack hilarious?
Hint to moderators: This can't be off-topic given the parent comment.