Israel's Babylon in 4-year Internet deal with Yahoo

TEL AVIV (Reuters) - Israeli translation software provider Babylon has signed a four-year cooperation agreement with Yahoo Inc in the Internet sector, including on mobile devices. According to the agreement, which can be extended beyond four years, the two companies will share in revenue from Internet advertising, Babylon said in a statement on Tuesday. "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," the statement said. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/israels-babylon-4-internet-deal-yahoo-080918618--sector.html