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  Report: Microsoft beats out Yahoo, Google on Verizon deal
Time: 23:49 EST/04:49 GMT | News Source: CNET | Posted By: Kenneth van Surksum

Microsoft is preparing to announce Wednesday it has been selected as the search provider for Verizon mobile phones, beating out archrival Google and Yahoo, according to a Reuters report.

Yahoo shares spiked during mid-day trading as news surfaced that Verizon had chosen a mobile search provider, but then fell back to earth after the Microsoft disclosure.

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