Microsoft/Yahoo! Partnership Details Revealed [windowsitpro.com]

At the time of the announcement, the companies said that no money was changing hands and that, for all intents and purpose, nothing was being bought and sold. But that news sent Yahoo!'s stock price tumbling because Yahoo! CEO Carol Bartz had previously said that she wouldn't drop Yahoo! Search for anything less than "buckets of money." Although $50 million per year for three years arguably doesn't meet that qualification, it's certainly a bigger payment than the companies had originally suggested. (Which was nothing.)

Other new revelations from the SEC filing include:

Beyond the 400 Yahoo! employees that will move to Microsoft as part of the agreement, Microsoft will hire an additional 150 Yahoo! employees to help with the technology transition. All Yahoo! employees hired by Microsoft will receive "market-competitive compensation packages."

Yahoo! can use Microsoft's mapping and mobile services, if desired.

...(see article for more)