SUNNYVALE, Calif. (AP) — Microsoft may accelerate up to $150 million in reimbursements due Yahoo if their proposed Internet search partnership is approved by regulators.
The new timetable disclosed Thursday was among the minor changes that Microsoft and Yahoo made to an agreement reached in July. The companies signed the final contract last week.
Yahoo may now collect the entire $150 million by June 30 next year if it’s working with Microsoft by then. The letter of intent had called for Yahoo to receive $50 million installments from Microsoft during the first three years of their 10-year contract.
Yahoo will also get to keep 88 percent of the revenue generated from the ads appearing alongside the search results, even though Microsoft will be supplying the technology.
(This version CORRECTS APNewsNow; corrects to reflect that the $150 million in Yahoo reimbursements may be accelerated and won’t supplement other payments. corrects headlines.)