Microsoft will welcome aboard 400 departing Yahoo employees as part of a deal between the two companies, according to CNNMoney. Microsoft, which has agreed to an advertising-search pact with Yahoo, will also hire an additional 150 Yahoo employees to help with the transition.
The recently-announced deal between the two companies will have Microsoft using its search technology to back Yahoo’s advertising draw, with Microsoft paying 88 percent of the revenue it gains from the searches to its business partner. Microsoft can also integrate Yahoo’s search capabilities into its own should it desire.
Microsoft will also pay Yahoo $150 million over three years.
The partnership between the two tech titans is meant as a move against Google, which has had impressive success with both search and advertising, in addition to a number of other technological fields.