After what seems like a decade of fumbling foreplay, Yahoo and Microsoft finally did the dirty deed.
All I can say is, thank God that's over with. Now we can get back to more important matters, like bucketloads of rumors about an Apple Tablet and Paris Hilton's deep remorse over that sex tape everyone had almost forgotten about, which is why she's bringing it up again.
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It's certainly better than Microsoft owning Yahoo outright, which I think would have been a friggin' disaster for consumers (though the resulting mishegas would have been fun to watch -- from a distance).
As for the details of the deal, as near as I can determine, Yahoo search will really be Bing search, Yahoo will sell Microsoft's ads using Microsoft's technology and collect most of the money, and Steve Ballmer agrees not to chuck any Herman Miller chairs at Carol Bartz provided she doesn't call him an @$$#0[3!!!
Did I miss anything?
No matter, because the topic has already been covered to death by the blogosphere, and the story isn't even 24 hours old yet. Here are some of the highlights.