Earlier this year Yahoo signed a four-year deal with Babylon under which the two firms would share revenue from advertising. But last month Yahoo said it found violations in the agreement and Babylon promised to fix the issues.
"Due to the pro-active actions taken by (Babylon), Yahoo does not intend to suspend or cancel the agreement," Babylon said in a statement to the Tel Aviv Stock Exchange on Monday.
The Haaretz newspaper said the dispute had stemmed from Babylon having moved internet display ads to spots already allocated by Yahoo to other advertisers.
Babylon said it would operate additional monitoring mechanisms to ensure similar incidents would not reoccur and that it would resume acquiring new users in careful coordination with Yahoo.
Babylon's shares were up 25% at 11.56 shekels in morning trade in Tel Aviv.
In the second quarter Yahoo accounted for 32% of Babylon's revenue of $45 million.
Another 43% came from Google. But in late October Google said it did not plan on renewing a co-operation deal with Babylon after receiving a large number of complaints that the Israeli company's software did not work well with Google's Chrome browser.
That sent Babylon's shares down more than 60%. Its shares have since recovered some 47%, including Monday's rise. Its market value has bounced back to 462 million shekels ($130.55 million) from 363 million on October 30, but it is still well below a value of 981 million shekels prior to Google's announcement.
($1=3.5390 Israeli shekels)
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