Thursday, May 9, 2013

Microsoft extends financial protection in Yahoo deal

Times Of India Wednesday 8th May, 2013

Yahoo with financial protection as part of the two companies' internet search partnership. An arrangement requiring Microsoft to pay Yahoo a minimum amount per search on Yahoo's website expired March 31. That had raised concerns Yahoo might make less money from the Microsoft partnership. Those worries eased on Tuesday with a Yahoo regulatory filing that disclosed Microsoft is maintaining the revenue-per-search guarantee through March 2014. Yahoo rose 90 cents, or 3.6%, to close at $26.07 on Tuesday. It's the first time the stock has closed above $26 in nearly five years, continuing an upturn t...

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Source: http://www.caribbeanherald.com/index.php/sid/214362042/scat/d805653303cbbba8

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