Yahoo holds a press conference, emphasizing that it has the control in its own hands.

Yahoo said in a statement Thursday that it has reached an advertising partnership with Google and ended talks with Microsoft. According to the ten-year, non-exclusive network advertising cooperation plan between Yahoo and Google, Yahoo can place Google's ads on its search result pages in the United States and Canada. It can also continue selling ads through the Panama platform. Yahoo expects this cooperation to increase its annual revenue by 800 million US dollars, and increase its cash flow by 250 million to 450 million US dollars in the first 12 months, but it will not cut costs. Yahoo held a press conference. The transcript of the meeting is as follows: