Microsoft And Yahoo Have Agreed To Extend The Deadline To Re-Negotiate Their Search Deal

Yahoo Bing

According to a filing with the U.S. Securities and Exchange Commission on Friday, Microsoft and Yahoo have agreed to extend the deadline by 30 days to re-negotiate a ten year search deal. This search partnership was announced back in 2010 and as part of their agreement, companies were allowed to negotiate changes or to terminate the arrangement entirely after five years. It should have been done by Feb 23, but now they mutually agreed to extend that deadline to a 60-day period following Feb. 23.

“We value our partnership with Microsoft and continue discussions about plans for the future. We have nothing further to announce at this time,” Yahoo said in a statement.

via: Business Insider