The Times & The Sunday Times

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Suzy Jagger summarizes, "While Jerry Yang, ..., indicated that the deal would not block Microsoft from returning with another bid, Google and Yahoo! have devised an agreement which would trigger a $250 million break-fee in the event that Yahoo! were acquired by another company within two years."

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Suzy Jagger cites Jerry Yang:"On a conference call last night, Mr Yang said of the Google transaction: "Clearly it is time to move on", adding that once the deal is completed it is expected to generate additional revenues of around $800 million every year."