Yahoo Inc. (YHOO) is handing over its listings of homes for sale and local real estate advertising to Zillow.com, a real estate website.
Zillow will oversee a network that will place homes-for-sale listings and real estate advertising on both Yahoo and Zillow.com, The Associated Press reported.
Financial terms were not disclosed. Yahoo will continue to sell real estate ads bought by financial services.
Yahoo is increasingly focusing on core businesses in news, finance, entertainment, sports and email, while turning to outside companies to handle other services. Zillow's home-value estimates have been displayed on Yahoo's real estate site since 2006.
Investing in Emerging Markets
Learn to invest in a globalized world.View Course »