Yahoo and Microsoft have finalized their agreement to install Microsoft as the exclusive search provider for Yahoo’s network of sites, the companies affirmedlast week.
The deal, first reached in July, still needs to be approved by the U.S. government before it becomes final. But the companies said in October that they needed more time to complete the deal due to the “complex nature of this transaction”, and last week’s announcement is likely the result of hundreds of hours of painstaking reviewo in legal and opeatponal corners..
Under the terms of the deal, Microsoft will provide search technology to Yahoo for up to 10 years. Redmond also gains access to Yahoo’s search technology assets and several hundred employees. It will then pay Yahoo a significant portion of the ad revenue generated alongside those searches.
In October, four ad executives and the president of the American Association of Advertising Agencies sent a letter to the U.S. Department of Justice in support of the agreement. [24×7]
Sprint Launches 4G Mobile Broadband Service in Seattle,
Sprint has announced the launch of Sprint 4G mobile broadband throughout the Seattle area.
Company officials said that the launch of Sprint 4G mobile broadband will help Sprint 4G customers to enjoy a “blazing fast wireless mobile broadband experience.”
In comparison to 3G.1, Sprint 4G delivers download speeds up to ten times faster. Company officials said that by “dramatically” increasing download speeds for photos, videos and large files, Sprint 4G is enabling innovative applications now.
Sprint 4G is touted as extending the web experience to meet each person’s “moment-to-moment” mobile needs by using 4G data cards and routers and, in the future, laptop solutions and mobile phones that deliver rich content, larger file transfers, streaming video and low-latency remote access. [24×7]
Get more info in the Seattle24x7 blog