Press Release

Yahoo's Overture Extends Sponsored Search Relationship with MSN Through June 2006

PASADENA, Calif., November 17, 2004 -- Overture Services, Inc., a wholly-owned subsidiary of Yahoo Inc. (Nasdaq:YHOO) and provider of essential online marketing services, today announced the extension of its sponsored search distribution relationship with Microsoft Corp. (Nasdaq: MSFT) in the United States and internationally through June 2006.

Under the terms of the extension, Overture will continue to provide its sponsored search results to MSN sites in the U.S. and Canada, Europe and Asia. The previous agreement ran through June 2005.

"Overture has been a strategic partner of MSN since 2001, and we look forward to continuing our productive relationship," said Yusuf Mehdi, corporate vice president for the MSN Information Services & Merchant Platform division at Microsoft. "We are pleased that our collaboration has helped grow the online ad industry and benefited consumers and advertisers in the process."

Overture's industry-leading global distribution network includes major Web portals, ISPs and other heavily trafficked destination sites. Overture's search listings are generated by the company's advertisers who bid for placement on keywords relevant to their business. "MSN is a valued industry partner and we are pleased to extend our successful relationship in the U.S. and around the world," said Ted Meisel, president of Overture. "We appreciate the vote of confidence from MSN and we look forward to working with them on innovative sponsored search solutions."

About Overture

Overture Services, Inc., a wholly-owned subsidiary of Yahoo! Inc., offers essential marketing services for companies doing business online. The company's search-based products and tools help businesses connect with highly motivated customers. Overture is based in Pasadena, Calif. with U.S. offices in New York, Chicago and San Mateo, CA. The headquarters for Overture's non-U.S. business is in Ireland, with offices across Europe, Asia, and Australia. For more information about Overture, visit www.overture.com. Overture is a service mark of Overture Services, Inc.

Product and service names mentioned herein are the trademarks of their respective owners.

Contacts:
Media
Overture
Jennifer Stephens
310-780-3331

Gaude Paez
310-749-4963

MSN
Becky Emmett
503-443-7000

Investors:
Yahoo!
Cathy LaRocca
408-349-5188