Yahoo Stock Crawls Past Microsoft's On News That Search Deal Generated 31% Of Revenue

Bloomberg, Thursday, December 12, 2013 11:46 AM
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A U.S. Securities and Exchange Commission filing reveals that Yahoo gets a higher percentage of search revenue from its 10-year deal with Microsoft than first believed. The deal means Microsoft Bing handles the Web crawling and ad placement, but Yahoo remains the page designer. The news helped push Yahoo's stock price above Microsoft's by Thursday. Yahoo, which had previously revealed that the deal comprised more than 10% of sales, said the pact generated 31% of revenue in the latest quarter, according to Bloomberg.
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