News has just broken on Twitter that Microsoft and Yahoo! have finally closed a deal where Bing will power Yahoo! search results while Yahoo! will become the worldwide sales force for both companies’ search advertising.
@Bing broke the news with this tweet:
“Bing. Yahoo! Two great tastes that are now going to be great together. Check out http://bit.ly/9eUh7″
I can hear the mobile phones of a hundred Google executives ringing from here. Talk about a wake up call!
More details available on my SiteProNews blog post: It’s Official: Bing to Power Yahoo! Search.
Added: more industry coverage here:
It’s Finally Official, Microsoft and Yahoo Make a Deal, Yahoo Gives Up on Search (Search Engine Land)
Microsoft and Yahoo Finally Announce Deal (WebProNews)
Live Blogging The MSFT – YHOO Search Press Conference (Search Engine Land)
The Microsoft-Yahoo Search Deal, In Simple Terms (Search Engine Land)