Microsoft and Yahoo Delay Deal
eWeek, Thursday, October 29, 2009 2:30 PM
It looks like Microsoft and Yahoo have delayed signing their mega search deal to finalize the details, according to a filing by Yahoo with the Securities and Exchange Commission. Financial analysts, however, don't appear to be panicking because the companies don't expect the deal to be consummated until 2010, pending regulatory approvals from the Justice Department. Yahoo also hosted a financial analyst day Oct. 28 for the first time since 2007 and analysts who attended concluded the company is still on recovery road: Microsoft is coming to the rescue with the pending search deal. The search engine rivals July 29 signed a 10-year deal in which Microsoft's Bing search engine would power Yahoo's search results.
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