Monday June 29, 2015

Microsoft Hands Display Ads To AOL, Maps To Uber

It looks as though Microsoft has offloaded some of its money losing operations to AOL and Uber.

Under a 10-year deal struck with AOL, now a unit of Verizon Communications Inc, AOL will sell display ads on MSN, Outlook.com, Xbox, Skype and in some apps in major countries. As part of the deal, Bing will become the search engine behind web searches on AOL starting next year. Microsoft did not disclose financial terms of its deal with Uber, saying only that it would no longer collect mapping imagery itself.

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