Microsoft Corp is taking up a new management team to take control of Yahoo Inc.’s Internet search business and sign a partnership deal following its failed takeover attempt.<\/p>\n
Microsoft will put up $5 billion to back Jonathan Miller, the former chief executive officer of AOL, and Ross Levinsohn, a former president of Fox Interactive Media.<\/p>\n
Microsoft is seeking ways to revive its online advertising business as the global recession stifles spending and Google Inc. wins more search users. For Sunnyvale, California-based Yahoo, which spurned Microsoft’s bids of as much as $47.5 billion this year, a deal may help shore up revenue after losing out on a partnership with Google.<\/p>\n
The terms would give Microsoft a 10-year operating agreement to manage Yahoo’s search business, plus a two-year option to buy it for $20 billion. Senior directors of the companies have agreed to the outline of the deal, the newspaper said, without citing anyone.<\/p>\n
However Levinsohn denied the report, according to a blog post by the Wall Street Journal’s All Things Digital.<\/p>\n
Source:Google News<\/p>\n","protected":false},"excerpt":{"rendered":"
Microsoft Corp is taking up a new management team to take control of Yahoo Inc.’s Internet search business and sign a partnership deal following its failed takeover attempt. Microsoft will put up $5 billion to back Jonathan Miller, the former chief executive officer of AOL, and Ross Levinsohn, a former president of Fox Interactive Media. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,11,92],"tags":[],"class_list":["post-584","post","type-post","status-publish","format-standard","hentry","category-microsoft","category-search-engine","category-seo"],"_links":{"self":[{"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/posts\/584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/comments?post=584"}],"version-history":[{"count":3,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/posts\/584\/revisions"}],"predecessor-version":[{"id":1816,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/posts\/584\/revisions\/1816"}],"wp:attachment":[{"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/media?parent=584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/categories?post=584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.searchenginegenie.com\/news-seo\/wp-json\/wp\/v2\/tags?post=584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}