Internet communications and media firm Yahoo! has promoted Neville Taraporewalla as country manager of its subsidiary Yahoo! India with immediate effect.
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.
Executives of Internet services firm AOL and software giant Microsoft held formal talks to discuss the possible $40-billion breakup of internet major Yahoo! on Wednesday, a media report said on Thursday.The Times reported that a team from AOL, the internet arm of media conglomerate Time Warner, met Microsoft officials to negotiate the possible split of Yahoo! which could lead to the software giant seizing control.
Four reasons why Yahoo! is right when it asks employees to come to office and work
Referring to information in a shareholders' lawsuit brought against Yahoo, he said the complaint showed that Yang and a majority of the board had gone to 'inordinate lengths to sabotage a Microsoft bid". Portions of the lawsuit were unsealed by a Delaware judge on Monday, despite the objections of Yahoo attorneys. In January 2007, Yahoo had rejected Microsoft offer to purchase Yahoo at $40 per share.
Earlier this year, Yahoo! had spurned a $47.5-billion takeover bid from the software giant. The deal was mainly opposed by its chief executive Jerry Yang. Yang who is a co-founder of Yahoo! had last month announced that he would step down as the chief executive but would remain with the firm.
Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
Now, with her departure, the company's future is once again being questioned. "Yahoo! was earlier directionless. Now it's headless," says Mahesh Murthy, founder and chief executive, Pinstorm.
Leading media portal Yahoo India on Thursday announced the appointment of Deepak Karambelkar as its head of production and content.
Yahoo on Tuesday attempted to bolster its case for an improved offer from Microsoft, releasing stronger-than-expected financial projections to support its decision that the proposed deal had seriously undervalued it. Microsoft made a cash-and-shares offer that was worth $44.6bn, or $31 a share, when it was announced on February 1. The financial plan was first presented to Yahoo's board in December.
The journalists joining Yahoo! News, the most-visited news site on web, include prominent reporters and editors from Politico, ABC, Washingtonpost.com, TalkingPointsMemo.com Observer and other publications, The New York Times reported.
These firms have launched a site called Schema.org, which consists of a common set of HTML tags that webmasters would use to mark up structured data on their sites.
Eleven global music giants have sued Yahoo! China, owned by e-commerce giant Alibaba, over its alleged involvement in illegal downloading and playing copyrighted music.
At least five bidders have emerged for the five-year-old video service with four million users.
Adobe and Apple would also close their offices during the holidays.
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.
In a regulatory filing with the Securities Exchange Commission of the US on Monday, the company said that Levinsohn will leave the company effective July 31, 2012.
She warned investors on Monday that fixing Yahoo was a long-term project.
Administrative Civil Judge Praveen Singh imposed a cost of Rs 5,000 on plaintiff Mufti Aijas Arshad Quasmi for impleading the company as a party without disclosing any cause of action against it.
The California-based company is also planning to hire 130 professionals in India in areas like product engineering. A company spokesperson, however, declined to comment.
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.
The US Justice Department has initiated a probe into the hiring behaviour of some of the largest American technology companies, including Google, Apple and Yahoo, says a media report.
Yahoo!'s current CFO, Blake Jorgensen announced his plans to leave the firm in February, just weeks after Carol Bartz took over the reins of the internet entity. Morse would be paid a salary of $500,000 and a 'sign-on bonus' of $500,000, according to Yahoo!'s regulatory filing with the Securities and Exchange Commission.
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.
Refusing to stay the criminal proceedings against the website, Justice Suresh Kait today declined to pass any order 'at this stage' and fixed the matter for March 1, saying he will hear the case before the trial court hears it on March 13.
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.
It was reported that media mogul Rupert Murdoch's News Corp was in talks with Microsoft for launching a joint bid for Yahoo. Yahoo is trying to remain independant & thwarting MS's takeover bid. But if News Corporation throws its weight behind Microsoft's offer, allowing the latter to raise its bid, it would put even more pressure on Yahoo and its shareholders. If the joint bid comes through, it would unite 3 most popular websites: Yahoo, Microsoft's MSN & News Corps' MySpace.
Former Yahoo! CEO Terry Semel is planning to sell his magnificent sea facing mansion in Malibu.
Yahoo!, after widespreead criticism from the US Congress, has agreed to pay an undisclosed amount to two Chinese nationals after it passed on information of the the men's online activites to the Chinese government, leading to their arrest.
"Based on the current economic environment and our focus on keeping costs in line with revenues, we have decided that providing annual salary increases would not be in the best interests of the company or our shareholders," Yahoo! spokesperson based in the US Kim Rubey told PTI in an e-mail.
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.
Yahoo!'s fired chief executive officer Carol Bartz blasted the online media company's board of directors in a no-holds-barred interview with Fortune magazine, calling the people who fired her 'doofuses'.
"With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximise our potential to the benefit of our shareholders, employees, partners, and users," Yahoo CEO Jerry Yang said in a statement. Yahoo said that Microsoft was just not willing to pay enough for the internet company to make the deal worthwhile.
World's most popular free email providers Gmail and Yahoo have made telephone number mandatory for creation of new email addresses in a bid to check spam.
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.
A Pakistani court has reportedly ordered a ban on nine leading websites, including Google, Yahoo and Hotmail, for allegedly posting blasphemous material.Media reports said the Bahawalpur bench of the Lahore high court on Tuesday directed the Pakistan Telecommunication Authority to immediately block nine websites -- including Google, Yahoo, MSN, Hotmail, YouTube, Bing and Amazon -- for publishing and promoting sacrilegious and blasphemous material.
Mayer stressed on the transformation of the firm from a technology company to a media, news, entertainment and advertising platform utilising products focusing on search, communications, digital and videos.
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