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/ 22 January 2008

Slumping Yahoo! to shed hundreds of jobs

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.

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/ 30 April 2007

Yahoo! buys rest of Right Media

Yahoo! said on Monday it is buying the remaining 80% interest in online advertising exchange Right Media that it does not already own for approximately -million. Yahoo! said shareholders will be paid in roughly equal parts of cash and stock, with Yahoo! assuming the New York-based company’s options and equity awards.