AT&T renews partnership with Yahoo!

AT&T and Yahoo! renewed their long-standing partnership in an agreement that includes an undisclosed revenue-sharing arrangement. The companies have been working together since 2001, but have not redefined the partnership since AT&T completed its acquisition of BellSouth and takeover of Cingular Wireless (now AT&T Wireless) at the end of 2006. AT&T obviously now has a lot more mobile, broadband and TV subscribers to contribute to the partnership, while Yahoo! has seen search figures decline recently as it recedes further into Google's shadow (Yahoo! also just announced it's laying off 1,000 employees). The companies will redesign their AT&T Yahoo portal as part of the new arrangement.

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