9:34 PM Yahoo (YHOO) wants to end its 10-year search deal with Microsoft (MSFT), but Redmond has no interest in playing ball, the WSJ reports. Google (GOOG), meanwhile, is reportedly interested in taking Microsoft's place, even though DOJ pressure led to the scuttling of an '08 agreement (regulators would almost certainly provide close scrutiny again). Though Microsoft just extended the revenue search guarantee it provides Yahoo (Stifel thinks it's worth $12M-$15M/quarter), Yahoo's revenue/search remains lower than it was before the Microsoft deal. Also, the extension is only good for the U.S. (where Yahoo's share is relatively strong). Read comments
YHOO price at time of publication: $26.10. Check YHOO price now »
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Transcripts on YHOO
- Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
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