1. It is an agreement (late July, 2009), not a rumor.
2. Now, both approval of regulatory authorities and implementation of the agrrement take a lot of time :
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full implementation (expected to occur within 24 months following regulatory approval),
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3. Yahoo-Microsoft cooperation and dispute are a long story: a lot of other changes may happen until above-mentioned agreement becomes reality (recently, an executive from yahoo suggested Yahoo may perhaps cooperate with both Microsoft and Google, despite the exclusive agreement with Microsoft)
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