Three Firms Advise on Microsoft-Yahoo Search Deal

Skadden, Sheppard Mullin and Perkins Coie have landed key advisory roles on the 10-year Internet search deal announced Wednesday between Microsoft and Yahoo that seeks to scuttle Google's market dominance. Under the terms of the deal, Yahoo will use and promote Microsoft's new Bing search engine on its site. Yahoo will also keep 88 percent of revenue from all search ad sales for the first five years and have the right to sell ads on select Microsoft sites. The deal is a clear shot across the bow of Google.