20 minutes from now, Yahoo! and Google are going to issue a joint announcement, likely regarding a partnership of some sort or another. While details remain sketchy at this moment, rumour suggests that Yahoo! will be outsourcing Yahoo! Search Marketing (their PPC arm) to Google. Others suspect the deal will be far larger with Yahoo! ceding all their search business to Google.
Yahoo! shares took a nose dive today, falling close values not seen since the pre-Microsoft offer days back in January. Shares are trading (at the time of this posting) at $23.52/share, down 10% from this morning’s opening valuation of $26.33.
The announcement is coming soon so expect an update.
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