Rochester, NY 8/5/2009 8:26:54 PM
Microsoft Corporation, MSFT - Agreed to Hire 400 From Yahoo as Part of Company Partnership
Microsoft Corporation
Microsoft Corporation, MSFT
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Microsoft Corp. agreed to hire at least 400 Yahoo Inc. employees as part of the companies' proposed Internet search-advertising partnership, according to a regulatory filing. The plans would affect about 3% of Yahoo's work force. In addition, Microsoft agreed to pay Yahoo $150 million over three years to help cover Yahoo's costs.
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