對互聯網領域來說，這無疑是件重大的事情。微軟和雅虎終于達成了就網絡搜索和廣告合作方面為期10年的協議。本次合作是在7月29日周三公布的，雖然沒有想象中那樣神圣，但對網聯界巨頭——谷歌公司來說，無疑是個很大的挑戰。

Microsoft and Yahoo! strike a long-awaited deal

USERS will probably not notice all that much. But the deal may be seen one day as a significant event in the internet industry. Microsoft and Yahoo!, the world’s biggest software firm and its leading online portal （入口）respectively, have reached a deal for a ten-year web search and advertising partnership after years of speculation about a tie-up. The combination, which was announced on Wednesday July 29th, is not as far-reaching as originally envisaged（想象，設想）. But it is likely to create a serious rival to Google, the online giant that dominates both of these markets.

The agreement is supposed to help both parties overcome their most pressing problems. Microsoft will increase significantly the use of its search service, called Bing, and its platform to serve online advertisements. Yahoo! will use both of them on its websites. The web portal, for its part, will be able to cut costs and increase revenues. Yahoo! will no longer have to invest millions in its search and advertising technology. It will also get more money for the ads placed next to its search results. Carol Bartz, Yahoo!'s boss, said that the tie-up “comes with boatloads of value” for her firm.

The deal is the result of a long mating dance which started in earnest early in 2008. In February last year Microsoft made a $44.6 billion takeover bid for Yahoo!, later raising its offer to $47.5 billion. But Yahoo!’s management then rebuffed（粗暴拒絕） Microsoft, regarding the offer as undervaluing the company. Instead Yahoo! entered into an advertising dalliance with Google, but this fell apart after antitrust （反壟斷）authorities signalled that they would not approve such an agreement. Talks between Microsoft and Yahoo! were rekindled （使再燃）after Ms Bartz took the helm（舵） at Yahoo! in January. She is less emotionally attached to maintaining its independence than her predecessor（前輩）, Jerry Yang, one of the company’s founders.

Yet even for Ms Bartz the results of the negotiations must be somewhat disappointing. Yahoo! is said to have pushed for a whopping（巨大的） upfront payment of billions of dollars for agreeing to a deal with Microsoft—but it has not succeeded. What is more, the deal apparently only covers the text ads displayed alongside search results and not other forms of online ads. And although Yahoo! will use Microsoft’s advertising platform, the firm will continue to sell the ads itself. This will allow it to maintain relationships with advertisers, making it easier to sell them other kinds of ads.

The big question is whether this combination will be able to threaten Google’s dominance in web search. The deal will mean that Microsoft handles nearly 30% of searches in America—compared with Google’s 65% of the market. Microsoft’s share may well rise. It will be able to offer better search results because it will have more search data to improve its technology. Bing, which the firm launched in June, has already got off to a good start, gaining a couple of percentage points of the search market since then.

At any rate, the battle lines between Google and Microsoft are now clearly drawn. Earlier this month, Google announced that it is developing a free operating system for personal computers called Chrome OS, thus mounting a direct attack on Microsoft and its dominant Windows operating system. With the Yahoo! deal, Microsoft is now pushing into Google’s heartland. So the grand alliance between Microsoft and Yahoo! is part of an even bigger battle between the technology titans that is likely to drag on for years.

Keke View：美國微軟公司和雅虎公司29日宣布達成互聯網搜索業務合作協議。雅虎將在合作中負責在線廣告銷售，微軟則將獲得其覬覦已久的互聯網用戶搜索數據。如果雙方最終實現合作，微軟將成為僅次于谷歌公司的第二大互聯網搜索巨頭。

微軟與雅虎當天宣布了這項有效期為10年的合作協議。根據協議內容，雅虎與微軟將分享在雙方網站上搜索廣告產生的收入。雅虎將在合作前5年內保留雅虎網站全部搜索廣告銷售收入的88％，同時有權銷售微軟部分網站的搜索廣告。

對互聯網領域來說，這無疑是件重大的事情。微軟和雅虎終于達成了就網絡搜索和廣告合作方面為期10年的協議。本次合作是在7月29日周三公布的，雖然沒有想象中那樣神圣，但對網聯界巨頭——谷歌公司來說，無疑是個很大的挑戰。

Microsoft and Yahoo! strike a long-awaited deal

USERS will probably not notice all that much. But the deal may be seen one day as a significant event in the internet industry. Microsoft and Yahoo!, the world’s biggest software firm and its leading online portal （入口）respectively, have reached a deal for a ten-year web search and advertising partnership after years of speculation about a tie-up. The combination, which was announced on Wednesday July 29th, is not as far-reaching as originally envisaged（想象，設想）. But it is likely to create a serious rival to Google, the online giant that dominates both of these markets.

The agreement is supposed to help both parties overcome their most pressing problems. Microsoft will increase significantly the use of its search service, called Bing, and its platform to serve online advertisements. Yahoo! will use both of them on its websites. The web portal, for its part, will be able to cut costs and increase revenues. Yahoo! will no longer have to invest millions in its search and advertising technology. It will also get more money for the ads placed next to its search results. Carol Bartz, Yahoo!'s boss, said that the tie-up “comes with boatloads of value” for her firm.

The deal is the result of a long mating dance which started in earnest early in 2008. In February last year Microsoft made a $44.6 billion takeover bid for Yahoo!, later raising its offer to $47.5 billion. But Yahoo!’s management then rebuffed（粗暴拒絕） Microsoft, regarding the offer as undervaluing the company. Instead Yahoo! entered into an advertising dalliance with Google, but this fell apart after antitrust （反壟斷）authorities signalled that they would not approve such an agreement. Talks between Microsoft and Yahoo! were rekindled （使再燃）after Ms Bartz took the helm（舵） at Yahoo! in January. She is less emotionally attached to maintaining its independence than her predecessor（前輩）, Jerry Yang, one of the company’s founders.

Yet even for Ms Bartz the results of the negotiations must be somewhat disappointing. Yahoo! is said to have pushed for a whopping（巨大的） upfront payment of billions of dollars for agreeing to a deal with Microsoft—but it has not succeeded. What is more, the deal apparently only covers the text ads displayed alongside search results and not other forms of online ads. And although Yahoo! will use Microsoft’s advertising platform, the firm will continue to sell the ads itself. This will allow it to maintain relationships with advertisers, making it easier to sell them other kinds of ads.

The big question is whether this combination will be able to threaten Google’s dominance in web search. The deal will mean that Microsoft handles nearly 30% of searches in America—compared with Google’s 65% of the market. Microsoft’s share may well rise. It will be able to offer better search results because it will have more search data to improve its technology. Bing, which the firm launched in June, has already got off to a good start, gaining a couple of percentage points of the search market since then.

At any rate, the battle lines between Google and Microsoft are now clearly drawn. Earlier this month, Google announced that it is developing a free operating system for personal computers called Chrome OS, thus mounting a direct attack on Microsoft and its dominant Windows operating system. With the Yahoo! deal, Microsoft is now pushing into Google’s heartland. So the grand alliance between Microsoft and Yahoo! is part of an even bigger battle between the technology titans that is likely to drag on for years.

Keke View：美國微軟公司和雅虎公司29日宣布達成互聯網搜索業務合作協議。雅虎將在合作中負責在線廣告銷售，微軟則將獲得其覬覦已久的互聯網用戶搜索數據。如果雙方最終實現合作，微軟將成為僅次于谷歌公司的第二大互聯網搜索巨頭。

微軟與雅虎當天宣布了這項有效期為10年的合作協議。根據協議內容，雅虎與微軟將分享在雙方網站上搜索廣告產生的收入。雅虎將在合作前5年內保留雅虎網站全部搜索廣告銷售收入的88％，同時有權銷售微軟部分網站的搜索廣告。