A couple hours later than expected, Yahoo and Google have finally announced a non-exclusive advertising agreement.
Yahoo’s press release reassures us that they’re not abandoning the Panama paid search platform:
The agreement enables Yahoo! to run ads supplied by Google alongside Yahoo!’s search results and on some of its web properties in the United States and Canada. The agreement is non-exclusive, giving Yahoo! the ability to display paid search results from Google, other third parties, and Yahoo!’s own Panama marketplace.