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Yahoo inks search deal with Google

Hours after telling Microsoft that negotiations were over, Yahoo announced a search advertising deal with Google. “This agreement provides a source of funds to both deliver financial value to stockholders from search monetization and to invest in our broader strategy to transform display advertising and advance our starting-point objectives with users,” Yahoo President Sue Decker said in a statement. How much money? Yahoo said it expects a $800 million boost in the deal’s first year. Both companies are holding off implementing the deal for several months to give the Department of Justice time to review it.

Update: What the deal means for the Yahoo newspaper consortium

Mediabistro Course

Create Quick Video for the Web

Create Quick Video for the WebLearn how to shoot, edit, and encode online video! Starting October 4, write video scripts and story outlines, shoot and edit film, and broadcast your work on video-sharing sites like YouTube and Vimeo. Students will get hands-on experience with a Canon HDV camera and Final Cut in this course. Register now!