Microsoft and Yahoo Are Said to Have Reached a Deal

Microsoft and Yahoo have agreed to the terms of an online search and advertising deal that will be announced as soon as Wednesday, according to reports.

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Reports: Microsoft, Yahoo close to search ad deal

Microsoft has been courting Yahoo on and off since February 2008, when it offered to buy the company for $44.6 billion in cash and shares. The offer was rejected and consequent discussions focused on Microsoft taking over Yahoo’s search and advertising businesses.

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