Rumour : Google/Yahoo Search Partnership Announcement At 2:00 PM Tonight

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Indyan

Indyan

Here Since 2003
Rumour : Google/Yahoo Search Partnership Announcement At 2:00 AM Tonight

Yahoo and Google will make a joint announcement at 1:30 California time this afternoon, we’ve heard from a reliable source close to one of the companies. What is the announcement? The very likely answer is, a search partnership between the two companies that outsources all or part of Yahoo search marketing, and possibly search itself, to Google.

The two companies announced they’d test a search partnership in April. The controversial deal got the attention of Congress and others, but preliminary tests of the partnership were reported as positive. We’ve argued that a competitive search market is needed for a healthy Internet.

Update: everything I’m hearing says that the companies will be announcing a search partnership of some sort at 1:30. Since we’re talking about public companies here, I want to stress that this has not been confirmed by either Yahoo or Google at this point.

Update 2: Another source is saying that Yahoo will also announce the departure of another executive at 1:30 this afternoon. We don’t know who it is, but we’re hearing that it is NOT an announcement around Jeff Weiner’s departure.

Update 3: Yahoo Stock is down sharply based on this story and a follow up by Reuters.
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sachin_kothari

sachin_kothari

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Yahoo embraces Google after ending Microsoft talks

Yahoo Inc.'s efforts to revive takeover talks with Microsoft Corp. have reached a dead end, prompting the Internet pioneer to hire online search leader Google Inc. to handle some of its advertising sales.

The news disclosed Thursday caused Yahoo shares to plunge 10 percent as investors abandoned hope that Microsoft would renew a nearly five-month quest to buy the Sunnyvale-based company.

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Maverick340

Maverick340

Ambassador of Buzz
MOUNTAIN VIEW, Calif. (June 12, 2008) – Google (Nasdaq: GOOG) today announced that it has reached an agreement that gives Yahoo! the ability to use Google's search and contextual advertising technology through its AdSense™ for Search and AdSense for Content advertising programs. Under the agreement, Yahoo! has the option to display Google ads alongside its own natural search results in the U.S. and Canada. In addition, Yahoo! can serve contextually targeted ads on its U.S. and Canadian web properties as well as on its current publisher partner sites. Yahoo will continue to operate its own search engine, web properties and advertising services.

In addition, Yahoo! and Google agreed to enable interoperability between their respective instant messaging services bringing easier and broader communication to users.
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I like the part about making IM interoperable. Thats should be good :)
 
Maverick340

Maverick340

Ambassador of Buzz
^damn , that better not happen.
I suppose Yahoo will also adopt the XMPP/Jabber standards like AIM did.
 
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Indyan

Indyan

Here Since 2003
iinfi said:
thanks for the news ...
btw wats 2PM tonite??
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That should have been 2:00 Am. Thats when Google and Yahoo were expected to announce the deal.
Anyway, some more interesting details about the deal :

In a new filing with the SEC, Yahoo spells out the terms of the search-advertising agreement it announced yesterday with Google. Most of the filing fleshes out known details about the agreement. But it also discloses something Jerry Yang and Sue Decker didn’t want to talk about yesterday. The deal includes an $83 million escape clause for Google:
Google may terminate the Services Agreement if, after ten months after the Services are first launched, and each month thereafter, the gross revenues recognized by Google under the Services Agreement are less than $83,333,333 for the four prior calendar months.
In other words, Google has a minimum guarantee of serving at least $83 million worth of ads through Yahoo on a rolling 12-month basis, or else it can walk away. That’s a pretty tiny threshold, considering that Yahoo’s quarterly U.S. revenues are $1.3 billion. The amount comes to about one percent of Yahoo’s total projected revenues for 2008. (When Yahoo president Sue Decker was asked about minimum guarantees yesterday during a conference call, she wouldn’t comment).
Google also negotiated a $250 million kill fee if the agreement is terminated within two years because of a “change in control” of Yahoo (i.e., a sale). Curiously, if Yahoo is acquired by Microsoft, it doesn’t have to pay the fee. Thus, this single clause means that anyone other than Microsoft might have to pay up to $250 million more to buy Yahoo.
If the Services Agreement is terminated by either party within 24 months of the Effective Date as a result of a Change in Control of Yahoo! (other than a Change in Control triggered only by Microsoft …), Yahoo! is required to pay to Google the sum of $250,000,000
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a_k_s_h_a_y

a_k_s_h_a_y

Dreaming
anyways.
Use a multi protocol IM client ! LOL ! That way you have all.

I have more then 1300 People in list now, from MSN, Yahoo, GMIAL, ICQ etc.
 
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Indyan

Indyan

Here Since 2003
Hey Microsoft, How ’bout We Do That First Deal You Offered?
The devil is in the details, and the details of the Yahoo-Google search advertising deal reveal the desperate, possibly neurotic state of Yahoo these days. Quite simply, it looks to me like Yahoo is effectively paying Google off to step in and (1) keep Jerry Yang, Sue Decker and the current board of directors in power, and (2) avoid a desperation deal with Microsoft for as long as possible, or longer. It’s not even clear to me that Google wants this deal, based on the terms. It almost looks like they’re just doing Yahoo a favor, and trying to keep them out of Microsoft’s hands.
My guess is, Yahoo is wondering exactly why they didn’t take that Microsoft acquisition offer back when it was on the table. Those were the days that Yahoo was a key asset in the Microsoft/Google war, and most of their best employees hadn’t bailed. Of course, that was $15 billion ago, and that offer appears to be long gone......
......Yahoo has pissed off shareholders and a looming meeting - they can’t ignore reality much longer. And reality says Yahoo’s future is bleak. They continue to lose market share, they have serious brain drain and morale has never been lower.
The Microsoft search deal seals their fate permanently, and I can understand why they didn’t want to do it. This Google deal is their only alternative at this point. They can get out of it at any time, simply by not serving Google’s ads. But as long as it’s live they’ll see their advertisers flow to Google instead of their own search platform, and they have to pay a hefty fine if they end up selling themselves to a third party.
Microsoft may yet get their hands on Yahoo, or at least the parts of Yahoo they want, simply by default as shareholders continue their revolt and/or the government puts a stop to the madness. Or not, and Google gets a long term pass to transition Yahoo’s remaining advertisers over to their own platform plus a hefty termination fee if Yahoo gets sold off at some point.
Either way, Google wins. Or Microsoft wins.
But Yahoo has lost.
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