Wednesday, July 29, 2009

Microsoft still aiming for Yahoo?

The interwebs was flooded once again with the news of Microsoft buying Yahoo. Contrary to early reports, Microsoft will not pay an upfront fee in the deal, according to a source quoted by Reuters. Early rumors said Microsoft would pay hundreds of millions of dollars up front to Yahoo in addition to a revenue sharing agreement.Yahoo has about 20 percent of the search market, while Microsoft's share is just under 10 percent, according to industry estimates that give Google most of the remaining 70 percent. The two companies are ready to announce a search and advertising partnership this week, perhaps as early as Wednesday, according to a report in the blog AllThingsD.

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