Two weeks after Pay Pal’s Scott Thompson took the reigns at Yahoo, the ailing internet company’s co-founder Jerry Yang has announced his resignation. Analysts and investors who have viewed Yang as an obstacle to the corporation’s sale of its Asian assets are upbeat about his departure, writes Emily Tan. Read More
Search engine Yahoo!’s annual Year in Review has revealed the most popular search terms of 2011, and it’s no surprise to see that the top three are all related to the state of our finances. Read More
A few weeks back a post went up about how twice as many get their news via Facebook, which underscored its position a place where increasingly a lot of people pick up and share news.
Facebook has just published a list of news that is being shared with its 50 most shared stories of 2011. It is a real mix from the serious, the top most shared story was about the the Quake and Tsunami in Japan, to the ridiculous. The third most story is headlined ‘No, your zodiac sign hasn’t changed’. I don’t even know where to start with that one. Read More
Reuters is reporting that Boston based private equity firm, Thomas H Lee Partners, is interested in buying the US operations of Yahoo!.
This marks a major change in approach to other interested bidders, including Microsoft and other private equity firms such as Silver Lake, KKR and TPG, which have placed the value on Yahoo’s Asian operations. Read More
Reports this weekend suggest Google could be lining up to buy its one time rival Yahoo!. Google is said to have spoken to at least two private equity firms about a deal to buy Yahoo!, which has been in a state of turmoil since chief executive Carol Bartz was sacked in early September.
The Wall Street Journal reported that Google and its partners have held initial discussions, but have yet to come up with a concrete proposal to buy the firm. Read More
AOL is expected to surpass its quarterly earnings forecast, thanks to gains made in display advertising sales, according to analysts at financial firm UBS.
The much-maligned media company is to report revenues of $532m (£340m) this quarter, rather than the predicted $525m (£335m). The boost comes from year-over-year growth of its domestic display sales, up 21% for the quarter. Read More
Today’s announcement that Yahoo! and ABC News are to work together to deliver news has a familiar ring to it. That’s because the two companies set up a remarkably similar alliance back in December 2000.
While developments at Yahoo! should be welcomed, it’s fair to say that an anticipating audience was expecting a little more from today’s announcement.
But let’s see, in quiz form of course, if you can distinguish between Yahoo!’s new strategy and its strategy circa 2000.
CEO Carol Bartz was fired from Yahoo in a call from Roy Bostock, chairman of the board. “I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board.” Read More
Business Insider is reporting that Google is interested in buying Hulu after it was put up for sale last month by owners Disney, News Corporation, Comcast, and Providence Equity Partners.
YouTube is the latest buyer to emerge after Hulu was approached by Yahoo! just before it was being put on the block. Read More
According to the latest eMarketer research Facebook is set to generate almost $2.2bn in display advertising this year. This whopping figure will see it push past Google and Yahoo! to become the number one site in the US.
Ad Age reports that Google will make $1.15bn in display ads for 2011 and Yahoo! is expected to make $1.62bn. Read More
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