Microsoft and Yahoo have delayed signing their blockbuster search deal to finalize the details, Yahoo said in a filing with the Securities and Exchange Commission Oct. 28. Financial analysts did not hit the panic button on the news, as the companies don’t expect the deal to be consummated until 2010, pending regulatory approvals from the Justice Department. Yahoo also hosted a financial analyst day Oct. 28 for the first time since 2007 and analysts who attended concluded the company is still on recovery road: Microsoft is coming to the rescue with the pending search deal.
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Microsoft and Yahoo have delayed signing their
blockbuster search deal to finalize the details, Yahoo said in a filing with
the Securities and Exchange Commission Oct. 28.
The search engine rivals July 29 inked a 10-year deal in which Microsoft’s Bing search engine would power
Yaho…