Is Microsoft / Yahoo Search Deal Still On?
In an SEC filing on October 29th, Yahoo and Microsoft asked for an extension to close their deal to cooperate in the Internet search space and compete together against Google.
“Given the complex nature of the transaction, there remain some details to be finalized,” the SEC filing states. “The parties are working diligently on finalizing the agreements, have made good progress to date, and have agreed to execute the agreements as expeditiously as possible.”
The parties insist that the deal will be completed in early 2010. However, Mobile search advertising is a large part of the deal. Reports are that Yahoo wants the freedom to use its own or other options outside of Microsoft AdCenter and this is causing issues in its negotiations with the Redmond, WA based software giant.
