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CNNMoney reported that Microsoft and Yahoo have finally come to a search deal and will announce the details of the agreement in the next 24 hours, according to a report.

It is not clear whether the two companies have signed any official papers, but the negotiations of the deal, which also includes advertising, have finally come to a close, The Wall Street Journal said Tuesday.

Yahoo and Microsoft have been in talks for some time to join forces on Internet search and advertising technology. Together, the two could stand a better chance to gain market share from rival Google.

Microsoft launched its own Internet search portal, Bing, in early June. While Bing met with initial success, Microsoft has still been unable to post a profit in its online advertising business.

Microsoft and Yahoo would share revenues on the deal, and Yahoo would not get any money up front, according to the Journal.

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Time Warner has bought back Google’s 5 percent stake in struggling Internet company AOL for US$283 million.

The price, paid July 8, is close to what Google estimated its stake at earlier this year.

The details emerged in a regulatory filing by AOL on Monday.

The deal sets the stage for AOL’s impending spinoff from parent Time Warner.

Mountain View-based Google bought the stake for $1 billion in 2006, but in January estimated the investment had sunk by more than 70 percent to $274 million – giving AOL a market value of about $5.5 billion.

Time Warner agreed to buy back the stake earlier this year.

The price at which New York-based Time Warner bought back the stake values AOL slightly higher, at about $5.66 billion.

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