Written by Wendy Tanaka, Forbes.com. Yahoo! expects its advertising pact with Google to generate $250 to $450 million in operating cash flow in the first year of the deal, according to a letter from Chairman Roy Bostock and Chief Executive Jerry Yang sent to shareholders Tuesday. In the letter, Yahoo! (nasdaq: YHOO - news - people ) also confirmed Microsoft's (nasdaq: MSFT - news - people ) offer of $1 billion for its search business, which the portal turned it down in favor of a deal wit...
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