The deal is a ten-year deal, but the contract allowed for a termination or re-negotiation after five years.
That point hit on February 23rd, but they have agreed to extend the negotiations to 60 days from 30.
"We value our partnership with Microsoft and continue discussions about plans for the future. We have nothing further to announce at this time," Yahoo said in a statement.
The two tech giants teamed up to take on Google but Google's share has not dipped in the last five years.
Source:
Reuters
Written by: Andre Yoskowitz @ 29 Mar 2015 17:25
