Yahoo and Microsoft agreed to extend the deadline for negotiations on the search agreement by 30 days to modify the cooperation agreement

"TechWeb Report" Yahoo and Microsoft agreed to extend the deadline for negotiations on the search agreement by 30 days, according to Reuters, to revise a complex cooperation agreement crafted by the former CEO of two companies. The search cooperation agreement of two companies came into effect in 2010, and the terms of the agreement allowed them to modify or terminate the agreement after 5 years.

According to the terms of the agreement, two companies have 30 days after February 23 to revise the agreement. Yahoo and Microsoft agreed to extend the deadline to 60 days after February 23, according to documents submitted to the Securities and Exchange Commission (SEC) in Friday. Yahoo said in a statement: "We value the partnership with Microsoft, and continue to discuss future plans." But at the moment we have no further information to announce. Microsoft declined to comment.

It is unclear whether the delay represents a progress or agreement between Yahoo CEO Mayer and Microsoft CEO Satia Nadra.

Yahoo CEO Marissa has made clear that she is dissatisfied with the current partnership agreement between Yahoo and Microsoft. Ms. Mayer has tried to improve Yahoo's web search technology and its revenue in advertising, which did not violate the partnership agreement between Yahoo and Microsoft.

Two companies hope their joint action will create a bigger competitive challenge for Google. But this cooperation did not achieve the desired effect, Google still controls the U.S. search market 2/3, while Microsoft and Yahoo market share is basically unchanged, stay at around 30%. Mayer, who joined Yahoo in 2012, has criticized the deal in 2013 and in some markets tried to block the use of Microsoft's search technology, leading to a court ruling that Yahoo must use Microsoft's search technology.