Yahoo, Microsoft Extend Search Partnership Talks for 30 Days

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Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.

The search partnership, which took effect in 2010, allowed the companies to negotiate changes or to terminate the arrangement entirely after five years. Under the terms of the deal, the companies had 30 days to make changes following Feb. 23.

According to a filing with the U.S. Securities and Exchange Commission on Friday,Yahoo and Microsoft mutually agreed to extend that deadline to a 60-day period following Feb. 23.

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