Yahoo signs ad deal with Google but profits fall short of forecasts
Company hopes Google deal will provide a boost to Marissa Mayer's efforts to turn the firm around
Yahoo said it had signed a search advertising deal with Google, providing a potential boost to Marissa Mayer's efforts to turn around the company, which also reported revenue and profit that fell short of market estimates.
The deal with Google builds on an existing search partnership with Microsoft under which Yahoo gets a percentage of revenue from ads displayed on its sites.
Yahoo, whose shares were down 1.6 per cent in after-hours trading, said the...
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