Facebook Denies Talks With Yahoo Of New Search Partnership

Facebook Denies Talks With Yahoo Of New Search Partnership
MIH83 / Pixabay

In an answer to all the rumors spreading yesterday, Facebook Inc (NASDAQ:FB) denies any talks with Yahoo! Inc. (NASDAQ:YHOO) to form a new search engine partnership.

Facebook Denies Talks With Yahoo Of New Search Partnership

According to a report from The Sunday Telegraph, Yahoo CEO Marissa Mayer and Facebook COO Sheryl Sandberg had spilled the beans about the two companies being engaged in talks of forming a working partnership.

Leon Cooperman Likes These Real Estate, Credit And Private Equity Funds

InvestMany famous hedge fund managers engage in philanthropy, often through their own foundations. Leon Cooperman of Omega Advisors founded his foundation with his wife Toby, and he invested the foundation's funds into many hedge funds and other assets. Q3 2021 hedge fund letters, conferences and more Here are Leon Cooperman's favorite hedge funds based on Read More

Today, however, Facebook Inc (NASDAQ:FB) rules out the possibility of any such partnership in a brief statement denying that any such talks actually took place.

Here is the full statement :

“People expect a better search experience on Facebook. We are working on improvements to better meet those expectations but are not in talks to enter into a new search partnership.”

According to the Bloomberg, these comments came in reply to a story published in the Sunday Telegraph hinting about the possible Facebook and Yahoo alliance.

This statement, however, does not rule out the possibility of a future integration between the two companies. Given that the two Internet giants have already collaborated together on various projects before, there is still a likelihood that some talks pertaining to an improvement in search capabilities have been going on among the top executives.

Morover, Yahoo! Inc. (NASDAQ:YHOO) is nowhere near ending its search partnership with Microsoft Corporation (NASDAQ:MSFT), as it won’t be easy for Yahoo to walk out from the long term contract with them.

As it appears from Facebook Inc (NASDAQ:FB)’s statement earlier,  the pair can do more in terms of sharing among its users. The likeliehood of greater integrated services is also high and a joint advertisement campaign is also a possibility, if the two of them work together to improve their services for their users. . But building a search engine together, according to Facebook’s statement earlier, is out of question – as of now.

In other news, it was suggested that Facebook Inc (NASDAQ:FB) and Yahoo! Inc. (NASDAQ:YHOO), if not entering into any partnership to build their own search engine, may also just switch to Google monetization to see a radical increase in their bottom lines.

Updated on

No posts to display