Microsoft And Twitter Renew Their Search Deal (MSFT, GOOG)


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Microsoft and Twitter have renewed the contract that will let Bing continue to use Twitter's real-time "firehose" in search results.

The two hinted at a deal via Twitter today, and Bing exec Stefan Weitz has confirmed it to SAI.

The companies were in negotiations earlier this summer, and Microsoft was reportedly balking at Twitter's price of $30 million a year.

Google recently dropped Twitter and canceled its real-time search offering, presumably in preparation for building a new one around information from Google+.

Microsoft and Bing did not disclose terms.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/ELxJaDulhkk/microsoft-and-twitter-renew-their-search-deal-2011-9

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