Yahoo's most recent permanent CEO, Scott Thompson, resigned in May amid allegations of manipulating his educational qualifications, just five months after he was hired.
The US-based Internet giant Yahoo Inc, accused of hosting allegedly objectionable content on its site, got relief from a Delhi court which removed it from the list of accused parties.
Yahoo is in the process of auctioning off its search and advertising business.
With acquisitions the internet giant is trying to increase its presence in smartphones and tablets.
The company's revenue fell by one per cent to $1.20 billion in the July-September quarter of 2012.
Internet major Yahoo Inc's chief technology officer has expressed his inclination to resign, the company revealed in a US Securities and Exchange Commission filing on May 30.
Software giant Microsoft is likely to acquire a majority stake in Yahoo Inc, according to a report in the New York Post.
Microsoft Corp. has announced that it had reached out to Yahoo Inc. with a possibility of a fresh deal that does not involve an acquisition of the Internet company. "Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo," Microsoft said in a brief statement.
At least five bidders have emerged for the five-year-old video service with four million users.
The layoffs would mark the most aggressive step yet by Yahoo CEO Jerry Yang, who began a reorganisation to revive the company's fortunes after taking over from movie studio mogul Terry Semel in June 2007, the San Francisco Chronicle reported on Monday.
Yahoo! Inc, the Internet company that rejected a takeover offer from Microsoft Corp., reported a 64 per cent drop in profit after advertisers curbed spending. The company also announced plans to cut at least 10 per cent of jobs.
Various news reports suggest that the PE firm, if it buys out Yahoo, would first sell off the Internet company's Asian assets. Silver Lake would thereafter, a report said, try to either turn the 'remaining' company around or find yet another buyer for the main operations.
Yahoo India, a subsidiary of Yahoo! Inc., will concentrate on wireless data services as it expects a large growth in the sector due to rise in mobile phone users in the country.
Arun Sarin, who recently retired as the Vodafone group CEO, is being considered for the post of chief executive of internet major Yahoo! Inc, the Wall Street Journal says.
The acquisition is expected to increase Yahoo's audience by 50 per cent.
Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
Yahoo Inc's first quarter revenue fell short of Wall Street targets, as the Internet company continued to feel the effects of declining traffic to its Web properties and of falling display advertising sales.
The campaign will kick off in the US on September 28, move to the UK and India on October 5. The big budget brand building exercise will begin in other markets like Brazil, Canada, France, Hong Kong, Indonesia, Korea, and Taiwan in 2010.
Dailymotion could be valued at roughly $300 million.
She warned investors on Monday that fixing Yahoo was a long-term project.
Internet major Yahoo Inc and Hewlett Packard are in the process of setting up their development centres in Chennai and will soon be launching their operations, IT Secretary of Tamil Nadu, Vivek Harinarain said in Chennai on Thursday.
Yahoo Inc. has appointed Carol Bartz as its new chief executive officer.The 60-year-old Bartz was earlier the CEO of software maker Autodesk Inc.
Global Internet firm Yahoo! on Thursday said it plans to ride on India's mobile explosion to drive growth for its products and services in the country.
Yahoo Inc. chairman Terry Semel stepped down as chief executive on Monday
The Internet major said the corrected vote tally showed that nearly 34 per cent of votes cast were withheld against Yang, more than double the originally reported figure of 15 per cent. About 40 per cent of votes were withheld from Chairman Roy Bostock - nearly twice the figure previously reported.This shareholder revolt could see a stronger call for Yang to step down. His disapproval has now dropped down to the range that former CEO Terry Semel experienced during last year.
Media giant AOL, along with some private equity firms, is 'exploring' making an offer to buy Yahoo Inc, as the Internet company deals with poor financial performance and an exodus of senior executives, a media report said.
The company has almost 900 jobs open, representing nearly 8 percent of its workforce.
Software giant Microsoft, which has made a $44.6 billion unsolicited bid to take over Yahoo! Inc, has entered into serious talks with search major and the companies marked a dramatic change in tone, the Los Angeles Times has reported."Everybody -- shareholders, management alike -- is getting more reasonable. All of a sudden it seems like something is going to happen," the newspaper quoted a source as saying.
Yahoo Inc chairman Terry Semelm belittled rival Google Inc's recent efforts to expand beyond its leading Internet search engine, describing the diversification as a haphazard attempt to catch up with his company.
Following developments on Thursday, Microsoft is likely to pursue a hostile bid for Yahoo Inc takeover, people familiar with the proceedings said. Price will be a key factor if Microsoft turns hostile towards Yahoo. Microsoft's cash-and-stock offer was valued at $29.48 a share as of 4 p.m. on Thursday, on Nasdaq stock market composite trading. Yahoo had rejected this offer on the grounds of undervaluation. Microsoft had decided to up its bid as much as $ 33 per Yahoo share.
Qi Lu would join as president of online services group to lead its search and online advertising and all its online communications services, Microsoft Corp said. He would report to Microsoft chief executive officer Steve Ballmer, the statement added.
Buffett had said in a CNBC interviewthat Yahoo's business had deteriorated significantly and that "something has to change there."
The net worth of struggling Internet giant Yahoo Inc's CEO Marissa Mayer is estimated to be $310 million, according to Wealth-X, a global wealth intelligence and prospecting company.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances