A Deal is Struck Between Yahoo and Google

[pennypinch]

Yahoo and Google (internet portals) have struck a deal to allow Yahoo to use Google’s search advertising technology to help boost profits. This was announced just after Yahoo and Microsoft ended their talks resulting in a drop of Yahoo's stock 12% on Thursday afternoon.

Yahoo’s shares climbed slightly in after-hours trading on news that the company and Google struck an online advertising partnership.

By Yi-Wyn Yen

Yahoo signed the agreement with Google to use its text-based ads on their own sites along with on their search results. Yahoo believes this will generate $250 to $450 million in cash flow the first year.

A Deal is Struck Between Yahoo and Google

[kst$]

I'm glad yahoo and google were able to strike up a deal together. I wouldn't want to work with microsoft after all the insider haggling that has been going on since the deal first fell through. Good luck Yahoo and Google I think you'll make a great team together.