We took a closer look at the details for the 10-year search deal between Microsoft & Yahoo!, and we discovered that as part of the agreement at least 400 Yahoo! employees will transition to Microsoft. An additional 150 Yahoo! employees will assist with providing the “transition services” between Microsoft and Yahoo!.

Microsoft agrees to pay Yahoo! $150 million to cover the costs involved in the technology transition process. Microsoft will also make a $50 million annual payment to Yahoo! during the first three years to cover other technology transition costs.

Erick Schonfeld (TechCrunch co-editor), Steven Levy (Wired Magazine), and Nick Wingfield (The Wall Street Journal) discusses the Microsoft/Yahoo search deal with Charlie Rose.

Microsoft CEO Steve Ballmer discusses the search agreement with Yahoo! and what it will mean to customers, advertisers and the industry. Yahoo! CEO Carol Bartz discusses the agreement and what it means to Yahoo! and its customers.

Earlier today, a new search deal between Microsoft and Yahoo! was confirmed with the following press release. Here is the press release and the summary.

Microsoft is having a new contest on Twitter and all you have to do is to tweet on twitter to be eligible to enter. Everyday, a winner will be selected to take home a $500 Visa cash card and a Bing backpack.

As reported in the Toronto Star and several other websites, Bing has had a decent June after capturing 8.4% of U.S. Internet searches…

We asked an official spokesperson at Microsoft 10 questions about Bing and this is the response we got back.

Bing recently added Twitter feeds as part of its search results. Today, Federated Media & Bing announced the launch of BingTweets, a website that combines Twitter search results and Bing search results onto one page. Read our review.

Ever since Bing replaced Windows Live Search, there have been a lot of questions about how Bing will impact advertiser campaigns & adCenter . For those of you who are unfamiliar with this subject, adCenter is Microsoft’s version of Google adSense.

As has been reported over the last week or so, Google is working on developing a web-based operating system, and making it available to users for FREE!! Its also been said that the new system might be ready as early as 2010….

As a major step forward in introducing Bing to its users, Microsoft has upgraded its QuickAdd feature from Hotmail with a number of features from its Bing search engine, including Bing Maps, Videos, Restaurants, etc…..

During Bing’s initial launch, a lot of speculators and critics claimed that the spike in traffic was purely due to public interest & curiosity. Bing now appears to be a real competitor to the Google search monopoly. 16.7% of the Internet users from the U.S. now uses Bing for search. Bing’s share of search result pages in the U.S. also climbed to 12.1%. And according to StatCounter, Bing has once again surpassed Yahoo! as the number two search engine provider in the U.S. Furthermore, according to Compete.com, Bing had over 49.5 million unique visitors and a total of 220 million page visits in June.

FAQ – How will Bing impact adCenter? Here are some frequently asked questions about how Bing will impact adCenter

Previously in our post Bing Image Archive we provided you with a website where you can view the archive of past Bing home page images.

Now we provide you with an application to download the Bing home page images directly onto your own desktop.

At the current moment, IE (IE6+IE7+IE8) all together holds only 54.4% of the web browser market which is a 11.4% drop since March, 2009. The majority of that lost market share was captured by Firefox 3.0, which currently has 27.6% market share. While this was occurring, Bing has actually increased market penetration in both the U.S. and around the world.