Yahoo and Microsoft have made their deal official. It's probably easily summed up by this quote from the MS press release:
"In simple terms, Microsoft will now power Yahoo! search while Yahoo! will become the exclusive worldwide relationship sales force for both companies’ premium search advertisers."
There's not much more to say other than this is a 10 year agreement. Read below for full details.
Gigaom have got an updated blog post with the details of the deal:
http://gigaom.com/2009/07/29/yahoo-microsoft-ink-search-deal/
Yahoo and Microsoft have created a site to celebrate their deal. It's got some hilarious corporate clip-art too.
http://www.choicevalueinnovation.com/thedeal/Default.aspx
Microsoft Press Release:
http://www.microsoft.com/Presspass/press/2009/jul09/07-29release.mspx
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