After turning down Microsoft’s bid to acquire Yahoo! for $47.5 billion, the internet pioneer has turned to Google for help. Yahoo! and Google have come to an agreement to show Google ads on Yahoo!. Currently Google has 75% of the search advertising market share.
This deal, which will go into effect in September, has projected to boost Yahoo!’s revenue by $800 million in the first 12 months. Although this has shareholders in a frenzy, this could be good news for pay per click advertisers that are using Google Adwords. Since this will expose ads on yet another popular search giant.
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Haha, unfortunately Google has backed off the deal now. Biggest joke - Microsoft offer Yahoo $47.5 billion which is rejected and now Yahoo is worth only $17.8 billion. Poor Yahoo.