Following the retirement of CEO Steve Ballmer from Microsoft Corporation (NASDAQ:MSFT) has encourage Yahoo! Inc. (NASDAQ:YHOO) to pause the search rollout with Microsoft. The online company Chief Executive Marissa Mayer has revealed in a court document that the stepping down of CEO of the firm has had raised concerns, so it is sought to slow the rollout of its search partnership.
But on Monday a U.S. judge rejected to allow the online firm delay using MSFT’s Bing search capacities in Hong Kong and Taiwan, verified an arbitrator’s verdict in favor of software giant. Judge Robert Patterson Jr, a U.S. District Judge supported an arbitrator’s previous verdict in favor of Bing’s Company.
The partnership between the two firms was started in 2010 for ten years time duration, according to which YHOO will roll out MSFT search tool Bing on its site, in a combine efforts of both the firm to compete against the globe top search giant Google Inc. The agreement was signed ahead of Mayer took over her seat as CEO of the company.
But despite their mutual efforts up till now they can’t overcome the dominance of search giant, Google is still a market leader in search and have occupied two third of the U.S. search market, as well as the partnership share is still remain the same from the date it was started.
As Mr. Ballmer is expected to retire in 12 months, his successor will discuss the partnership issue with him/her regarding its future. But court filling suggests that Mayer is looking forward that when she had a possibility to converse the partnership with the new CEO of the company. Microsoft Corporation (NASDAQ:MSFT) share rose 0.09% to 34.99 in last trading session.
Previously the CEO online firm has disapproved the joint venture. According to Mayer’s February investor conference, she said, the company required to analyze monetization working enhanced as the firm understand that it can and have perceived other rivals in the market demonstrate how fit it can work. Yahoo! Inc. (NASDAQ:YHOO) share up 1.88% to 34.06 in last trading session.