The two companies will share revenue from Internet and mobile advertising under the four-year cooperation agreement.
Online translation company Babylon Ltd. (TASE:BBYL) has signed a four-year cooperation agreement with Yahoo! Inc. (Nasdaq: YHOO), with an option to extend. The two companies will share revenue from Internet and mobile advertising.
In a notice to the TASE, Babylon said, "Babylon's management estimates this agreement will have a substantial contribution to the company. At this stage management cannot assess the amount of this contribution."
Published by Globes [online], Israel business news - www.globes-online.com - on April 23, 2013
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