NEW YORK (TheStreet) -- Shares of Yahoo! (YHOO) are gaining, higher by 3.2% to $52.20 in midday trading Thursday, after the company partnered with Mozilla Foundation to become the default search engine on the Firefox web browser in the U.S. in a move that replaces Google's (GOOGL) search engine, the Associated Press reports.
Yahoo! CEO Marissa Mayer said this five-year partnership will help boost its flagging search market share as the deal will start in December, Reuters reports.
Mozilla will end the decade-old partnership in the U.S. with Google at the end of this month, as tensions between the two had been rising since Google introduced its Chrome browser in 2008, the AP noted.
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Separately, TheStreet Ratings team rates YAHOO INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAHOO INC (YHOO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."