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Just hours after saying it ended talks with Microsoft, Yahoo announced that it will start running advertising from Google alongside Yahoo search results.
Yahoo expects the deal, which has a 10-year term, to generate US$250 million to US$450 million in operating cash flow during the first 12 months.
Although Yahoo and Google say that they aren't required to receive regulatory approval for the deal, they will delay implementation for three-and-a-half months while the U.S. Department of Justice reviews the arrangement, Yahoo said in a statement. Various groups ranging from farmers to Microsoft have expressed concern about such a deal.
The announcement comes after Yahoo spurned an acquisition offer from Microsoft. Yahoo's board now faces a proposal by billionaire investor Carl Icahn, who hopes to replace the entire board in order to force a deal with Microsoft.
Yahoo and Google expect to reveal additional details of the agreement during a conference call on Thursday.
More to come.
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Computerworld Live Podcast #97: The Future of Enterprise Networking 25/07/2008 09:45:36
This week CW Live chats with Mark Thompson, global sales and marketing manager for HP ProCurve, on the future of the enterprise networking. Mark discusses the trends we can expect to see in the near future and how the right infrastructure can ensure your enterprise network is secure. - +
Computerworld Live Podcast #96: Security at the Edge 11/06/2008 09:22:22
CW Live speaks with Amol Mitra, HP ProCurve Director of Marketing for Asia Pacific and Japan. Today's topic: how enterprises are starting to shift away from simply controlling security via server logins, firewalls and moving to more adaptive security frameworks. - +
Data Management Edition #10: Multi-Petascale Systems 02/05/2008 09:12:33
This week we look at sustainability and the development of multicore technologies to build multi-petascale systems. - +
IT Security Edition #11: How to poison the Storm botnet 01/05/2008 08:51:55
This week CW Live presents a case study on how to poison the notorious Storm botnet . Plus we take a look at Cisco's plans for Ironport. - +
IT Security Edition #10: Cyber-battles fought and won 24/04/2008 11:09:47
Vendors bow to end user pressure to improve product security, and we take a look at the latest concepts shaping the cyber-battlefield of the future.
Fujitsu PC targets Today's Young Adults with the release of the L series 2008-10-14 12:40:00+10
RSA survey shows employees’ everyday behaviours puts sensitive business information at risk 2008-10-14 11:29:00+10
Sound Alliance Group expands with acquisition of Mess+Noise 2008-10-14 08:48:00+10
Sterling Commerce Introduces New Managed File Transfer Capabilities That Cuts Server Change Management Time in Half 2008-10-14 08:41:00+10
Simms Exclusive Distributor of Cygnett MP3 Accessories 2008-10-14 08:10:00+10
Strategies for Eliminating .PST Files
Join industry expert Martin Tuip to discover best practice strategy for the archival and removal of .PST files using email archiving. Learn how to ensure long-term email records are there when needed, and reduce the risk to your business and clients.
