Reports this morning are that Microsoft’s bid for Yahoo has finally sent Yahoo running to their biggest common rival, Google.

The nonexclusive deal is aimed at giving a lift to Yahoo’s finances, and the company said it would generate an additional $250 million to $450 million in operating cash flow in the first year. What this means to Yahoo longer-term, though, remains very unclear. Google is also mum on the compensation it will receive as a result of the partnering. Microsoft's next move in this on-going courtship should also be worth watching for!

The Yahoo/Google partnership has several hurdles to clear, including ongoing squabbling amongst Yahoo board memebres and investors, as well as regulatory scrutiny, which could take months to sort out. Stay tuned!!