Most popular sites visited by mobile users don't track with hits from home, office PCs
BusinessWeek Jun 1, 08 10:44 AM CDT
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Mobile web surfers are turning conventional wisdom on its head by traveling to a different constellation of sites than those visited from workday PCs, BusinessWeek reports. The “Weekend Web” relies not on Google, Yahoo, and MySpace, but rather on Craigslist, eBay, the Weather Channel and MapQuest—and don't think tech-industry and marketing giants aren't noticing.
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Activist investor plans additional $2.5B outlay to boost proxy bid
MarketWatch May 30, 08 2:52 PM CDT
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The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million more (a $2.5 billion value).
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Media mogul blames Microsoft's lack of 'big deal' experience
CNET May 29, 08 10:49 AM CDT
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Microsoft’s lack of experience in “buying big things” is a major reason the company didn’t seal its buyout of Yahoo, media mogul Rupert Murdoch tells CNET, who adds he was “mystified” at the lack of a deal. An alliance between Yahoo and Google—"just gushing money"—still seems possible, the News Corp. CEO said, barring a regulatory kibosh.
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Company alleges fraudulent trademark use in case; success hardly certain
PC World May 27, 08 8:50 PM CDT
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Yahoo is suing a group of unidentified spammers who’ve sent emails claiming to be from the "Yahoo International Lottery Organization," soliciting personal information and sometimes money from purported lottery winners. Yahoo is seeking damages for fraudulent use of its trademarks, but it might prove hard to identify the scammers, especially if they’re located outside the US, PC World reports.
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Media companies jumping on board as ads have higher success rate than Web versions
Wall Street Journal May 27, 08 3:27 PM CDT
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Text-message advertisements are catching on with marketers, largely because consumers actually ask to receive them—or at least to receive content that ads are attached to, the Wall Street Journal reports. Coors Light, for example, added marketing blurbs to text alerts requested by fans during last month's NFL draft, of which it was a sponsor.
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Company buys more time to prepare for proxy battle
Forbes May 23, 08 9:15 AM CDT
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Yahoo has pushed back its annual shareholder meeting for a second time, reports Forbes , delaying a showdown for control of its board. One of Yahoo's 10 directors resigned yesterday, leaving nine up for re-election at the meeting. Carl Icahn has nominated an alternate slate of directors, including himself, and will try to push through a deal with Microsoft if victorious.
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Efficiencies outweigh anti-competition issues, giant says; critics not so sure
New York Times May 22, 08 9:35 AM CDT
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An advertising deal between Google and Yahoo is certain to stir the Justice Department’s antitrust division into action, no matter what the two do to address concerns, experts anticipating a partnership between the two Internet leaders tell the New York Times . Google says a deal would simply be a supply matter, with parallels in other industries.
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Rewards part of effort
to gain ground on market leader Google
Wall Street Journal May 21, 08 10:46 AM CDT
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Having largely abandoned its bid to buy, in the form of Yahoo, a significant presence in the Internet search business, Microsoft now will give customers money back when they buy items through its Live.com search portal, the Wall Street Journal reports. To be made official today, the move makes clear Microsoft isn't giving up on its search ambitions.
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'I'll jump in with Carl'
on proxy issue, he says
Wall Street Journal May 21, 08 7:59 AM CDT
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Carl Icahn's proxy bid to replace Yahoo’s board won the backing of legendary oilman T. Boone Pickens yesterday, reports the Wall Street Journal, but without a firm offer from Microsoft to acquire Yahoo the effort could still struggle . "I'll jump in with Carl. He goes in first, I jump in behind him," Pickens told CNBC.
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analysis
Forget cash flow; think sale price
Wall Street Journal May 20, 08 10:08 AM CDT
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Yahoo needs to sell to Microsoft, or it’ll wind up a cautionary tale, writes Dennis Berman in the Wall Street Journal. Yahoo currently trades at 48 times earnings—for comparison, GE trades at 15 times earnings, and Google at 33, even though both are growing faster than Yahoo’s sad 9% rate. Lagging in growth isn’t a recipe for success: just ask AOL.
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But execs don't like plan, which includes breaking up company
Wall Street Journal May 19, 08 9:09 PM CDT
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Microsoft's new offer to Yahoo includes breaking up the company and buying its search-advertising business, notions that have left Yahoo execs cold, the Wall Street Journal reports. Under the plan, Yahoo would sell its Asian assets and let Microsoft buy a minority stake in what's left of the company.
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Transaction would involved partial purchase of Internet giant
Wall Street Journal May 18, 08 4:05 PM CDT
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Microsoft is back at Yahoo's bargaining table, this time seeking a partial acquisition of the Internet portal, the Wall Street Journal reports. Buyout talks fizzled earlier this month, but billionaire Carl Icahn's push for a proxy war has left Yahoo honchos feeling shareholder pressure to cut a deal, though today they warned one may not happen.
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Updated
Billionaire investor launches bid to oust board
Wall Street Journal May 15, 08 9:28 PM CDT
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Hours after Carl Icahn began his quest to take over Yahoo’s board, the company issued a statement saying he has a "significant misunderstanding" of the recent Microsoft purchase offer, the Wall Street Journal reports. Icahn wants to unseat the current Yahoo board, replace it with one of his own, and force the company to try to forge a deal with Microsoft.
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Billionaire has lined up 12 people for a new board
Reuters May 14, 08 6:36 PM CDT
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Billionaire investor Carl Icahn will move ahead with his plan to unseat Yahoo's current board of directors a