Microsoft extends guarantee for Yahoo

9 May

? Published May 08, 2013 Modified May 07, 2013

Microsoft has extended a guarantee that provides Yahoo with financial protection as part of the two companies? Internet search partnership.

An arrangement requiring Microsoft Corp. to pay Yahoo Inc. a minimum amount per search on Yahoo?s website expired March 31. That had raised concerns Yahoo might make less money from the Microsoft partnership.

Those worries eased Tuesday with a Yahoo regulatory filing that disclosed Microsoft is maintaining the revenue-per-search guarantee through March 2014.

Yahoo rose 90 cents, or 3.6 percent, to close Tuesday at $26.07.

Source: http://www.theolympian.com/2013/05/08/2536831/microsoft-extends-guarantee-for.html

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