- According to a new filing, Yahoo (YHOO) and Microsoft (NASDAQ:MSFT) have amended the terms of their 10-year search pact to allow either party terminate their agreement at any point in time on or after Oct. 1.
- Under the original deal, which began in February 2010, Yahoo could only terminate the pact if the revenue from each search failed to meet certain financial-performance benchmarks.
- The two also restructured the agreement's search terms last week, stating the partnership is non-exclusive for both desktop and mobile.
- Yahoo reports earnings after the bell today.
- Previously: Microsoft, Yahoo restructure search pact; no PC/mobile exclusivity (Apr. 16 2015)