Papers filed with the Securities and Exchange Commission reveal that Yahoo! will receive $150 million plus advertising revenue from software giant Microsoft in the deal worked out between the two companies at the end of July.
The $150 million is to be paid by Microsoft over three years for Yahoo’s part in developing the Bing search engine. As part of the deal, Microsoft will hire several hundred Yahoo employees.
Information Week has also reported that Microsoft will share with Yahoo the data it collects from the search site.