The transaction is expected to close during the third quarter of 2010.
Leading Internet firm Yahoo! is seeking to restart merger talks with Time Warner-owned AOL to defend itself against the $44.6-billion takeover bid by Microsoft, British media said on Monday. According to The Times, one option being explored by Yahoo! is to restart merger talks with AOL to fend off Microsoft from taking over the firm.
All multimedia phones and smartphones from Nokia will now be pre-loaded with popular Yahoo applications.
If Microsoft's bid for Yahoo! goes through, the combination will mean stiff competition for Google and AOL in the Rs 230 crore online advertising market in India that is growing rapidly.
Yahoo has named Marissa Mayer, one of Google's top executives, as its new President and CEO, making her the third chief executive in a year that the struggling internet company has brought on board to turn the its fortunes.
Internet search firm Yahoo! has acquired around 30 per cent stake in Chennai-based tele-information service provider Info Network Management Company (INMAC) for an undisclosed amount.
IT giant Microsoft Corporation on Friday announced that it was planning to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.
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.
Yahoo, which had earlier made an equity investment of $8.65 million in Bharatmatrimony.com, would look similar investments in the country.
Internet's second most popular search engine Yahoo! has said it was open to selling itself to Microsoft, but the software giant's chief executive Steven A Ballmer and his deal makers were not keen to negotiate and ultimately withdrew their proposal. Microsoft had offered to buy Yahoo, second only to Google, for $31 a share, or $44.6 billion, in February, but the search engine felt it was worth more.
Though a spokesperson of Yahoo! India refused to comment on the development, highly-placed sources within the company claimed that it was a routine "trimming process" and more "poor performers" would be sacked.
Yahoo Inc. chairman Terry Semel stepped down as chief executive on Monday
A Wall Street Journal report quoted a Yahoo insider as saying that 'Yahoo is open to selling itself to the right bidder'.
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.
While AOL Chief Operating Officer Ron Grant is himself coming down to Bangalore to officially kick off the Indian face on Thursday, Yahoo!'s soft-spoken co-founder David Filo is set to announce a series of India-specific products tomorrow.
Embattled internet firm Yahoo! has reportedly fired its Washington bureau chief after he made a joke about United States presidential contender Mitt Romney and his wife and Ann being "happy to have a party when black people drown." David Chalian's comments were caught on a microphone while he was discussing Hurricane Isaac, which hit Louisiana with the Republican convention under way
Interestingly, the companies are cutting jobs in India too, even as they have hiring plans in the country. For instance, software giant Microsoft recently said it would create employment opportunities in tune with the growth of the Indian economy.
However, the company's revenues declined to 13 per cent to $1.57 billion in the latest quarter from $1.79 billion in the June quarter of 2008. The company's marketing services revenues from owned and operated sites were $858 million for the second quarter of 2009, a 16 per cent decrease compared to $1.01 billion for the same period of 2008.
Internet search-engine giant Google has agreed to give its closest rival Yahoo 2.7 million shares of its stock to settle patent infringement and other legal claims, the companies announced on Tuesday.
The company's revenue stood at $1.08 billion in the second quarter of 2012, as against $1.07 billion in the year ago period. In the second quarter of 2011 the struggling Internet company had reported net income of $238.5 million.
Yahoo said on Wednesday it will soon begin giving users of its free Web e-mail service 1-gigabyte of storage, four times more than it now offers, amid intense competition.
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.
We're working on various methods in terms of how we can increase our video views, and watching, says Mayer.
The company has almost 900 jobs open, representing nearly 8 percent of its workforce.
The 60-year-old technology veteran has replaced the Internet major's founder and chief executive Jerry Yang. Bartz would get a base salary of $1 million and a grant of $10 million in cash and stock to compensate the benefits forfeited from the previous employer. Further, she would be paid an annual grant worth about $8 million.
The government is expected to route all its official communication through the official website National Informatics Centre's email service.
It named chief financial officer Tim Morse as interim chief executive.
Arun Sarin, the former chief executive of telecom giant Vodafone, who was reportedly in the race for the CEO post at Internet major Yahoo has decided not to accept the offer, says a media report.
Yahoo Software Development India Pvt Ltd on Friday announced the appointment of Venkat Panchapakesan as its CEO and Bharat Vijay as COO at its R&D centre in Bangalore.\n\n\n\n
The rescheduling was prompted as billionaire investor Carl Icahn upped his ante against Yang in view of the revelations that came on Monday when a Delaware judge unsealed court documents in a lawsuit filed by shareholders. The annual shareholders meeting originally slated for July 3, has been rescheduled for the third time on August 1.
Yahoo! co-founder to give up CEO job after a brief, chaotic tenure.
The Pakistan government on Friday directed authorities to totally block 17 lesser known websites with blasphemous and anti-Islamic content, even as it asked them to monitor seven other major portals, including Google, Yahoo, Amazon and YouTube, for sacrilegious material. The instructions were issued to the Pakistan Telecommunication Authority after an inter-ministerial committee met to evaluate websites with anti-Islamic content.
Yahoo! CEO had enough reason to ban work-from-home, but she could have communicated it better than the all-or-nothing email.
Security experts have discovered a malicious programe aimed at tricking users into clicking on phony search results on fake Google, Yahoo and MSN sites, a media report said on Saturday.
The Internet giant sought removing its name as a party from the lawsuit contending that it was not an affected party and the 'present suit is not only motivated but also a complete abuse of the process of law.'
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.
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