It’s been a while coming but the long discussed search agreement between Microsoft and Yahoo is here. Remarkably, there is already a dedicated website up for the announcement including a video with SteveB and Carol Bartz.
Full terms at http://www.choicevalueinnovation.com/thedeal/pressroom/Default.aspx and
In simple terms, Microsoft will now power Yahoo! search while Yahoo! will become the exclusive worldwide relationship sales force for both companies' premium search advertisers.
hat tip to Kara Swisher – I’ve enjoyed her play by play