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01/24/2012

The Search Alliance Update: Bing sent a $48 million check to Yahoo for transition and search operating cost during Q4-2011

Search-alliance-bing-yahoo-global-transition-updateWith the 10-year global deal that was signed by former Yahoo! CEO Carol Bartz and Microsoft CEO Steve Ballmer in July 2009, Bing continued to send a reimbursement check to Yahoo! on a quarterly basis.  After the Wall Street closed on Tuesday January 24, 2012, Yahoo! announced their Q4-2011 financial results. 

On the earnings report, Yahoo stated that they received a $48 million check from Bing team.  The money was for taking care of the search transition from Yahoo! Search to Bing platform during the latest quarter.   However, Yahoo also noticed that payments from Bing will soon stop as all Yahoo! Search is now fully powered by the “Doing Engine.”

Posted on 01/24/2012 at 01:41 PM |

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