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MS, Yahoo amend search deal

By Reuters
US, 17 Apr 2015

Microsoft and Yahoo have amended a 2009 search partnership, giving Yahoo more control over how search results are displayed on desktops and mobile devices.

The 10-year search partnership, crafted by former Microsoft CEO Steve Ballmer and former Yahoo CEO Carol Bartz, allowed the companies to amend or terminate it after five years.

Last month, the companies put a 30-day extension on the deadline to renegotiate the deal.

Earlier, Microsoft controlled how Bing displayed search results on Yahoo Web sites accessed on PCs.

Microsoft will now own the ads delivered from its own Bing Ads platform.

Yahoo was responsible for sales for Bing search ads.

Originally, the deal also included a revenue-sharing agreement where Microsoft paid Yahoo a percentage of Bing ads revenue delivered from Yahoo searches. This structure would remain intact, the companies said.

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