| The
earlier offer for Yahoo's search business,
in which Microsoft would have taken over the
service and paid a percentage of the advertising
money it received to Yahoo, did not include
any revenue guarantees for Yahoo.
After
withdrawing its $47.5 billion offer for
Yahoo, Microsoft had proposed an alternative
transaction to rival Yahoo's search ad deal
with Google. Microsoft's proposal involved
buying Yahoo's search business for $1 billion,
taking a 16 per cent stake in the company
for $8 billion, and a revenue-sharing partnership
that would have delivered an additional
$1 billion a year in additional operating
income.
|
