Yahoo, Microsoft Amend Search Agreement – Wall Street Journal

Yahoo Inc. and Microsoft Corp. have updated their search partnership to allow more flexibility in how the results are presented and how the advertising teams are managed.

The news comes after months of negotiation over a deal that has caused friction between the two tech giants. Shares of Microsoft slipped 24 cents in morning trading to $42.01, while Yahoo shares dropped 5 cents to $45.68.

The new terms update the 10-year…