Microhoo deal finalized, expected to close in early 2010

Late last week, Microsoft and Yahoo announced that they had put the finishing touches on the 10-year partnership they announced in July 2009 that would have Microsoft leading the duo's search efforts and Yahoo leading the advertising team. "The overall deal terms stay the same," a Microsoft spokesperson told Ars. The two companies released the following joint statement: "Microsoft and Yahoo! believe that this deal will create a sustainable and more compelling alternative in search that can provide consumers, advertisers and publishers real choice, better value, and more innovation. Yahoo! and Microsoft welcome the broad support the deal has received from key players in the advertising industry and remain hopeful that the closing of the transaction can occur in early 2010."

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