Submission + - Microsoft, Yahoo Reach 10-Year Search Engine Deal 1
nandemoari writes: "Microsoft has finally acquired long-time search engine rival Yahoo Inc in a 10 year search engine partnership.
The deal, which has been in the works on-and-off for over a year has been finalized and made public earlier today.
Yahoo agreed to use Microsoft's Bing search engine on its sites, while Microsoft will use Yahoo's search technology. Yahoo will sell ads on both sites and the two companies will share revenue from traffic generated on Yahoo sites.
Yahoo expects the partnership will save $275M it would have previously invested in search technology, boosting its annual profit by $500M."