facebook
twitter
rss
account
search
search
 

Microsoft announces ad rebate plan

May 22, 2008 at 2:40 PM   |   Comments

| License Photo
REDMOND, Wash., May 22 (UPI) -- Software giant Microsoft Corp. announced it would partner with U.S. retailers to offer sales-generated rebates for Internet customers.

The announcement means a break from traditional customer rebates, which have historically come from the manufacturer or the retailer.

In the new program, "Microsoft Live Search," Microsoft, as the publisher of the Internet ads, would be offering a portion of its ad revenues to generate rebates.

Microsoft Chairman Bill Gates introduced the plan Wednesday at a meeting of Microsoft advertisers.

"Our goal is to make Live Search the most rewarding commercial destination on the Web," Gates said.

"We believe this is a major development in the evolution of search marketing," said WPP Chief Executive Officer Martin Sorrell.

Microsoft has lined up major retailers including WPP, Abe's of Maine, B&H, Circuit City, Backcountry.com, Foot Locker, Barnes and Noble, The Home Depot, OfficeMax and PetSmart to participate in the venture, the statement said.

The initiative is a push to increase Microsoft's advertising presence on the Internet, which is expected to become a $335 billion a year retail outlet by 2012.

The announcement also comes within weeks of Microsoft's failed $47.5 billion bid to purchase search engine Yahoo! Inc.

Topics: Bill Gates
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Native concerns over oil vetted in Canada
2
Navy, Purdue in tech commercialization partnership
3
Military training aircraft delivered to Mexico
4
Only 1 in 5 insurers cover volcanic ash
5
Gulf of Mexico lease draws advocacy fire
Trending News
Video
x
Feedback