Microsoft, Yahoo Get More Freedom to Walk Away From Search Deal
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Yahoo! Inc. and Microsoft Corp. have updated their search agreement to make it easier for either company to exit the alliance.
The clause is part of a new deal that was reached following recent negotiations, and lets Yahoo or Microsoft terminate the agreement with written notice beginning later this year, according to a filing Monday. It also includes a transition period. Under the previous agreement, Yahoo could break off the deal, based on metrics around how much revenue it was getting for search ads.