Online search site Infoseek announced two multimillion dollar ecommerece deals yesterday, in a fresh offensive on its market leading rival Yahoo.
The deals are with Microsoft and Realtor.com, which claims to be the US' largest online real estate channel.
The Realtor.com agreement is renewable after two years and relies entirely on advertising for revenue. Infoseek chief executive Harry Motro would not specify the target revenues he hopes to generate by the pact, beyond the vague ?seven figures deal".
?Infoseek is one of the premier search engines on the Internet and we?re happy to pay for having the dominant position on the real estate channel,? said Richard Janssen, president of RealSelect, which operates Realtor.com.
The second agreement, with Microsoft?s Expedia travel site, is set to run for one year. This builds on other advertising and revenue sharing ventures between the two companies, including Microsoft Investor, and Money Insider.
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