As expected, Yahoo has responded to Microsoft’s 3 week ultimatum this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman). In the “Dear Steve” response to Ballmer they state, “we will not allow you or anyone else to acquire the company for anything less than […]
Microsoft Corp. today told Yahoo Inc. that it has three weeks to agree to its unsolicited $42 billion takeover bid or face a proxy fight and possibly a lower offer.
“If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including […]
(Reuters) - Citigroup said it is likely Microsoft Corp will raise its $31-per-share offer for Yahoo Inc and upgraded Yahoo shares to “buy” from “hold.” The brokerage also raised its price target on Yahoo’s stock to $34 from $31, saying it believed Microsoft remained committed to its offer and “is capable of and willing to” […]
SAN FRANCISCO - Adobe Systems Inc. and Yahoo Inc. plan to launch a service Thursday allowing publishers to insert advertisements into many online newsletters or other electronic documents.
For example, a company that publishes a daily bulletin for electrical engineers may open the content to digital camera companies, laptop computer vendors and other advertisers. The […]
LOS ANGELES (Reuters) - Shares of Yahoo Inc. (YHOO.O: Quote, Profile, Research soared as much as 19 percent to their highest level in nearly a year on Friday after two newspaper reports said the company and Microsoft Corp. (MSFT.O: Quote, Profile, Research were in preliminary merger talks to take on common foe Google Inc. (GOOG.O: […]
Yahoo Inc. will buy the remainder of online advertising exchange Right Media for $680 million in stock and cash, Yahoo said on Monday. The portal giant bought a 20 percent stake of Right Media in October for $45 million and now plans to acquire the remaining 80 percent, it said.
Right Media offers advertisers and sellers […]
Yahoo’s first-quarter revenue was $1.67 billion, less than half Google’s $3.66 billion. Google, once again, blew away Wall Street expectations, while financial analysts openly wondered how long Yahoo CEO Terry Semel would stay in the Internet company’s corner office. Contrast those divergent fortunes with two years ago: The companies were pulling in about the same […]
SAN FRANCISCO (Reuters) - Yahoo Inc. (Nasdaq:YHOO - news) plans to offer unlimited e-mail storage to its roughly quarter of a billion users, starting in May, it said on Tuesday. The world’s biggest e-mail service is scrapping its free e-mail storage limit of 1 gigabyte, or about a billion bytes of data, responding to explosive […]