Business Cooperation Microsoft and Yahoo Finally Signed

The business search engine and online advertising between Microsoft and Yahoo finally signed. Both sides claimed to have completed all parts of the cooperation agreement and hope to implement it starting next year.

"Microsoft and Yahoo believe this agreement will create an alternative search engine services more sustainable and more attractive, providing real choices, better benefits, and innovation for consumers, advertisers, and publishers," the joint statement released last Friday.

Memorandum of understanding between the two sides earlier agreed in July between CEO Steve Microsot Yahoo Ballamer and CEO Carol Bartz. In cooperation, they agreed to work together for ten years to compete with Google which currently dominate the market search engine and online advertising.

One of the main agreement is the Yahoo search engines will use artificial Bing Microsoft on their site. Yahoo also will get a share of advertising revenue earned from the Microsoft business search engine and ad network. The agreement is a form of compromise from Yahoo acquisition bid by Microsoft, but it was rejected several times.