After over a year of negotiations, Microsoft and Yahoo are officially hitched--sort of.
The ten-year partnership deal links the two mega-sites in web search. Yahoo's interface will remain the same but its search will be powered by Microsoft's recently-ramped up search engine, Bing. Though Google is the search engine of choice for over 70% of all internet searches, the deal unifies the #2 and #3 in the search line.
The deal guarantees Yahoo an 88% profit for all searches conducted on Yahoo/Bing over the next five years. This may allow the website to stay afloat, retool, and refocus as it shifts its attention from power search to building out its other portal features. Yahoo expects the partnership to add about $275 million to annual operating cash flow.