No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreYahoo, Microsoft finally tie the knot
Jake Widman
Wednesday, 29 July 2009 23:00
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Even though Bing will be the search engine, Yahoo will continue to "'own' the user experience" for search on Yahoo properties.Compensation to Yahoo will come from revenue sharing on traffic generated from Yahoo sites. Specifically, for the first five years Yahoo will get 88 percent of search revenue generated from Yahoo sites.
The revenue is in addition to the savings to Yahoo from not having to maintain its own search infrastructure.
Yahoo estimates that when fully implemented, it will realize US$275 million in cash flow and $500 million in operating income annually, plus capital expenditure savings of $200 million.
The transaction still has to pass regulatory review, but the companies hope to close the deal in early 2010.
Full implementation is expected to take up to two years after that.
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