June 13th, 2008
Yahoo finally struck a deal with the competition!
But, not Microsoft. Yahoo execs announced the company has reached an advertising deal with Google. In a nutshell, Yahoo will be able to display Google ads with Yahoo search engine results. Yahoo reps hope the deal will bring in an estimated $800 million a year.
CEO Jerry Yang spoke of convergence and flexibility in a […]
By profsilver -- 11 comments
April 22nd, 2008
Yahoo Inc. announced first-quarter sales and profits today that surprised investors. The search giant posted net income of $542 million, or 37 cents per share. That income includes gains from an investment in Chinese Internet stock Alibaba.com.
Yahoo predicted more good news: second-quarter revenue of $1.73 to $1.93 billion.
It’s not certain what this […]
By kellyphill -- 0 comments
April 10th, 2008
After claiming that Microsoft’s offer to buy Yahoo was too soft, Yahoo has begun wooing (once again) Time Warner’s AOL.
Initial reports in the Wall Street Journal indicate that Time Warner (TWX) would fold AOL into Yahoo and infuse cash into the company in exchange for a 20% stake of the combined company. In return, Yahoo […]
By kellyphill -- 0 comments
April 5th, 2008
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Microsoft Corp. has given Yahoo an ultimatum: move it or answer to your shareholders.
This week, the corporate giant sent a letter to the Yahoo Board of Directors with a deadline for responding to it $40 billion buyout offer. The letter promised that Microsoft […]
By kellyphill -- 1 comment
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