Yahoo and Microsoft have finalised their agreement to install Microsoft as the exclusive search provider for Yahoo's network of sites, the companies announced Friday.
The deal, first reached in July, still needs to be approved by the US government before it becomes final. But the companies said in October that they needed more time to complete the deal due to the "complex nature of this transaction", and Friday's announcement is likely to be the result of hundreds of hours of painstaking review from expensive lawyers.
Company executives did not have to rack up the frequent-flier miles to finalise this year; they signed it virtually, with Microsoft's Qi Lu and Yahoo chief executive Carol Bartz representing their respective companies on the licensing agreement, and Ballmer and Bartz inking the definitive agreement, according to sources familiar with the deal.
For more on this story, see Yahoo, Microsoft finalize search deal on CNET News.
Talkback
But I thought Yahoo! was good in search business? and that was the only thing they are known for....AND Microsoft have crappy search engine since EVER and that is also a well known fact....
*sigh*