Report: Microsoft, Facebook to Sign Search Deal
Microsoft CEO Steve Ballmer will announce an Internet search and advertising deal with Facebook at his company's annual shareholder meeting going on Thursday, the Wall Street Journal is reporting in its online edition.
The deal will extend an existing partnership between Microsoft and Facebook, the newspaper said, citing anonymous sources "familiar" with the situation. Searches by Facebook's U.S. users will go through Microsoft's system, according to the Journal.
Microsoft owns a stake in Facebook and has an existing exclusive agreement with the site for banner advertisements.
The new search and ad feature that is part of the expanded deal will not launch until year's end, with integration details not clear, the Journal reported.
(More to follow.)