$30B difficult to raise amid recession
Wall Street Journal Dec 2, 08 2:08 PM CST
(Newser)
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After months of advising both Microsoft and Yahoo on a failed deal, former AOL chief Jonathan Miller is trying to put together a bid for Yahoo himself. The venture capitalist is asking private investors to help him amass the $30 billion needed to acquire the struggling, $10-a-share search engine group, down $20 since February, reports the Wall Street Journal.
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Yahoo Dec 1, 08 4:58 PM CST
(Newser)
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Yahoo! has released a list of its 10 most-searched women of the year, including obvious honorees and some more off the radar: Angelina Jolie: The birth of her twins, box-office success, and a dramatic turn in Changeling made Jolie the most-searched woman on the engine. Sarah Palin: Given her brief stint in the spotlight, it may surprise some that she took second—but her beauty and frontier know-how didn't hurt.
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Execs scoff at story of Microsoft dropping $20B on search biz
All Things Digital Nov 30, 08 8:03 PM CST
(Newser)
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A report that Microsoft will buy Yahoo's search business and give two Internet execs a 30% share is "total fiction," one of the execs tells Kara Swisher at AllThingsDigital. Swisher agrees that the $20 billion deal, reported by the London Times , is likely non-existent. After all, board member Carl Icahn would know about it—and his recent purchase of nearly seven million Yahoo shares "would smack of insider trading" if the purchase went through.
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GOP candidate still dominates web searches
Politico Nov 29, 08 12:05 PM CST
(Newser)
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We just can't seem to let Sarah Palin go. Nearly a month after the election, she continues to dominate user lookups on search engines, cable news sites, and YouTube, reports Politico. Alaska's governor ranks near the top of virtually every major search tool, including Yahoo, AOL, and Lycos, where she dominated the incoming president until just last week. “People are still searching for her in record numbers,” said a Lycos spokeswoman. “How bizarre is that?"
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analysis
All Things Digital Nov 28, 08 6:54 PM CST
(Newser)
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Corporate raider Carl Icahn bought about $65 million in Yahoo shares this week, sparking AllThingsD blogger Kara Swisher to speculate that an "Icahn-friendly" CEO is on the way. Icahn's purchase, likely an attempt to recoup the $900 million he lost on his Yahoo stake this year, points to two former executives Icahn brought to the Yahoo board as probable replacements for Jerry Yang, Swisher writes.
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Microsoft 'done' with acquisition attempts, even after Yang's resignation
CNET Nov 19, 08 12:42 PM CST
(Newser)
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Steve Ballmer quashed the rumor that Microsoft would make another offer to buy Yahoo now that Jerry Yang has quit as CEO, CNET reports. “We are done with all acquisition discussions with Yahoo,” the chief executive said today. “We did our best; we’ve moved on.”
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The next Yahoo CEO will have to take the Web portal in a new direction to sate Wall Street
Wall Street Journal Nov 19, 08 9:52 AM CST
(Newser)
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Yahoo’s successor to CEO Jerry Yang could come from outside the Internet industry, as long as he has a strong operations background and the decisiveness to break the company’s culture of indecision, reports the Wall Street Journal . But even before hiring a CEO, the company needs to decide whether it wants to remain independent or go with a partner, reports the New York Times .
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ANALYSIS
Analysts see 'beginning of the end for Yahoo' as CEO steps down
BusinessWeek Nov 18, 08 9:54 AM CST
(Newser)
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Investors are hoping Jerry Yang’s departure will lead to renewed talks with Microsoft, BusinessWeek reports. “This is probably the beginning of the end for Yahoo,” said one. “Microsoft will probably come back with an offer.” Microsoft has repeatedly denied interest in reviving a deal, but Yang’s departure “clears the path,” one analyst said. “Yahoo can free up its strategic alternatives.”
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Embattled exec's resignation in works
for months; he plans
to stay on board
AllThingsD Nov 17, 08 8:18 PM CST
(Newser)
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Jerry Yang is stepping down as Yahoo's CEO after a short and embattled tenure, Kara Swisher reports on AllThingsD. He will remain on the company board and retain his old "Chief Yahoo" title, as well as help find a replacement. The board and Yang have chewed over the move for months, but publicly Yang said he planned to continue with changes implemented during his 18-month tenure.
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Search giant proves unwilling to fight antitrust regulators over deal
CNET Nov 5, 08 1:40 PM CST
(Newser)
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Google canceled its search-advertising partnership with Yahoo rather than fight a Department of Justice lawsuit over antitrust concerns, CNET reports. The company gave up on the deal after Justice said it was not satisfied with the companies’ revisions to the deal and would sue to block it.
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Deal scaled back in effort to appease anti-trust regulators
Wall Street Journal Nov 4, 08 2:12 AM CST
(Newser)
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Yahoo and Google have scaled back their ad partnership in a bid to satisfy regulators concerned that the deal will run afoul of anti-monopoly rules, insiders tell the Wall Street Journal . The new deal caps the amount of revenue Yahoo can earn from the deal at 25%, and slashes the length of the agreement from ten years to two years.
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Unwilling to compromise, the Web giants may dissolve negotiations
Wall Street Journal Oct 31, 08 9:03 AM CDT
(Newser)
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Google and Yahoo's potential partnership is on the rocks. The two sides are still searching for a middle ground on an advertising deal, but both sides could walk away from the talks as early as next week, the Wall Street Journal reports. The main stumbling block is a consent decree, suggested by the Department of Justice, that would subject the companies’ compliance to constant oversight by a judge.
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Third-quarter profits drop 64% as web giant struggles with economic tremors
Associated Press Oct 21, 08 4:59 PM CDT
(AP)
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Yahoo today reported a 64%-drop in its third-quarter profits, lowered its revenue estimates for the remainder of the year, and said it planned to cut 10% of its workforce, or about 1,400 jobs, MarketWatch reports. Yahoo reported net income of $54.3 million in the quarter, down from $151.3 million from the same period last year, citing a downturn in online ad spending.
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Online ad deal may be capped to avoid further scrutiny
Wall Street Journal Oct 14, 08 12:01 PM CDT
(Newser)
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Google and Yahoo are working to settle any antitrust issues arising from their proposed joint online ad venture, the Wall Street Journal reports. Google has offered a cap on the volume of ads it sells Yahoo, which may be willing to continue selling search ads to avoid lengthy legal battles that threaten to stifle the deal.
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