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Yahoo Wins New Flexibility in Search Deal With Microsoft

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Microsoft Corp. and Yahoo! Inc. revamped their search agreement, giving the Web portal more freedom over how it makes money from advertising under Chief Executive Officer Marissa Mayer.

Yahoo no longer will have to use Microsoft to serve all the ads on desktop searches, under the agreement announced Thursday. While Yahoo already had that flexibility with mobile search, the new deal adds the leeway for a minority of desktop ads.