AT&T may alter pact with Yahoo: WSJ

Shares of Yahoo Inc. dropped sharply Friday on a media report that it's negotiating potentially sweeping changes that could scale back its partnership with AT&T, which expires in April 2008, and could cost Yahoo millions in revenue.

Meanwhile, William Blair & Co. analysts, citing the report, cut their rating of Yahoo stock to market perform, from outperform.

Rather than paying Yahoo a percent of the revenue from its broadband business, AT&T wants to offer Yahoo only a cut of revenue from the sale of products Yahoo provides, such as from its music and photo services, The Wall Street Journal reported in its online edition, citing unnamed people familiar with the situation.

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- Posted: 2007-03-09 13:31:39

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