Yahoo & Microsoft Search Deal Back On?
Search Engine Land reports that the Search deal between Yahoo and Microsoft could be back on and “very close” to a deal. See below for a quote:
“There are several reports tonight that Yahoo and Microsoft are close to consummating a search and advertising deal. 24/7 Wall Street cites an investment banker who says a deal is â€œimminent.â€ All Things Digital says an agreement is â€œdown to the short strokes,â€ but also points out that the companies have been down this road before.
Both reports speculate that the deal will include a large upfront payment to Yahoo â€” the â€œboatloads of moneyâ€ that Yahoo CEO Carol Bartz has said a deal would require â€” and additional future payments in exchange for Microsoft taking over Yahooâ€™s search and search advertising business. 24/7 Wall Street cites sources who say Yahoo will get $3 billion upfront….”
Read the rest here.