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/ 23 January 2009
Yahoo! said on Thursday it is freezing employee pay as it works to curtail costs and improve the pioneering Internet firm’s fortunes.
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/ 18 November 2008
Yahoo! has said Jerry Yang will step down as chief executive as soon as the board finds a replacement.
The US Department of Justice has begun a formal investigation into competition concerns surrounding an advertising tie-up between Google and Yahoo!.
Stewart Butterfield, who with his wife Caterina Fake created Flickr, used his resignation letter from Yahoo! to embark on a flight of fantasy.
Microsoft chief Steve Ballmer said his company was still holding talks with Yahoo!, although no longer about efforts to take over the internet giant. Ballmer, speaking during a conference hosted by the <i>Wall Street Journal</i> on Tuesday, recalled that Microsoft had dropped its bid to buy Yahoo! after Yahoo! rejected its takeover offer.
The internet company Yahoo! has postponed its annual meeting as it grapples with the prospect of a shareholder rebellion in which as many as 30 candidates may try their luck in getting elected to its board of directors. A potentially rowdy gathering in California was due to be held on July 3 but Yahoo! has put it off to an unspecified date ”expected to be around the end of July 2008”.
Microsoft chairperson Bill Gates on Wednesday played down the chances of a fresh takeover bid for Yahoo!, saying the United States software giant would focus on an independent strategy. "We put a lot of effort into talking to Yahoo! and the conclusion was reached that we should pursue our own independent path," he told reporters during a visit to Tokyo.
Yahoo! is willing to negotiate further with Microsoft, top executive Jerry Yang said in an interview on Tuesday, as he defended his handling of the aborted takeover bid. "We were totally willing to do a transaction, and they walked away," Yahoo! CEO Yang told the <i>Financial Times</i>, adding that he is open to renewing negotiations with Microsoft.
Yahoo! faced growing pressure on Sunday to find an alternative strategy to Microsoft’s ,5-billion takeover offer after the software maker walked away over a disagreement on price. Yahoo! shares could fall by more than 30% on Monday over the breakdown of talks.
Microsoft walked away from its bid to buy Yahoo! on Saturday after the internet company turned down its offer to raise the price by -billion to ,5-billion. Microsoft’s offer was for a share but Yahoo! would not lower its demand below , Microsoft chief executive Steve Ballmer said.
United States internet company Yahoo! on Monday rejected software giant Microsoft’s three-week ultimatum to accept a takeover offer, but left the door open to a higher bid. "We continue to believe that your proposal is not in the best interests of Yahoo! and our stockholders," it said in a letter to Steve Ballmer, CEO of Microsoft.
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/ 14 February 2008
Rupert Murdoch’s News Corporation (News Corp) is negotiating to rescue embattled internet company Yahoo! through an alliance that could set up a heavyweight business showdown between the Australian-born media mogul and Microsoft’s Bill Gates. News Corp has begun tentative talks about merging its online division with Yahoo!.
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/ 12 February 2008
Yahoo!’s rejection on Monday of Microsoft’s buyout offer sets the stage for the United States software giant to up the ante or attempt a coup by ousting the internet firm’s board of directors. Yahoo!’s board of directors spurned Microsoft’s takeover bid, saying the $44,6-billion offer is too low.
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/ 2 February 2008
With a market value of -billion, Google’s power has become awe-inspiring. Its profits rocketed by 40% to ,2-billion last year and it swallowed the popular video-sharing website YouTube. Through Microsoft’s ,6-billion takeover bid for Yahoo!, the technology establishment hit back at Google’s seemingly unstoppable rise.
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/ 22 January 2008
Battered by slow revenue growth and the popularity of social-networking websites, Yahoo! is poised to lay off hundreds of workers, according to published reports. The New York Times and Wall Street Journal have both reported on the slumping internet icon’s cost-cutting plans, citing people familiar with the matter.
Yahoo! has retooled its online search engine to make it more helpful and engaging, joining an industrywide wave of improvements that so far haven’t dented Google’s dominance. It regards the upgrade announced on Tuesday as the most significant change to its search engine since it reclaimed control of the underlying technology.