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Wall Street Breakfast: Must-Know News
Posted on June 13, 2008
Goodbye Microsoft, hello Google. Yahoo (YHOO) said Thursday afternoon talks with Microsoft (MSFT), for its whole or any parts, are over -- and then turned around and signed a search-ad deal with Google (GOOG). Yahoo will begin selling Google Ad-sense ads alongside its own, which it thinks will generate $800M in annual revenue. The companies are still exploring how to further expand their relationship. The pact terminates if either company changes hands; Yahoo would have to pay Google a $250M termination fee during the first 24 months if it were to be bought by, say, Microsoft (MSFT). Microso...
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