Yahoo! Europe to move to Switzerland from London

Internet media giant Yahoo has announced that they are shifting their European headquarters to Switzerland from London over the next year and a half.

A company representative said in a statement: “Yahoo! Europe has begun a programme to relocate its European headquarters to Switzerland. This decision is part of our ongoing international business strategy to increase competitiveness, deliver financial results, performance and efficiencies.”

The company added: “Yahoo! Europe remains committed to maintaining a strong presence in all of its key markets in Europe.”

This move comes as the company is facing an acquisition bid from the software giant Microsoft.

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