On Thursday, Yahoo! revealed that the talks had broken down and that it was not interested in selling its search business to Microsoft. Instead, it hammered out a revenue-sharing agreement with Google, in which Google would place ads alongside Yahoo's search results at Yahoo!'s discretion.
Google has a similar agreement with Ask.com, a division of IAC/InterActive Corp.(IACI Quote) and Time Warner's(TWX Quote)AOL. Shares of Yahoo! were up less than 1%, or 2 cents, to $23.49 in recent trading. The stock had been plummeting since Thursday as many shareholders grew disenchanted when it became clear that a deal with Microsoft would not be reached.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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