Ballmer shows interest in Yahoo deal again
The Microsoft Yahoo drama continues as Steve Ballmer has again shown interest in getting into a deal with Yahoo.
He said in a interview: “I think a search deal makes great sense for Microsoft, and Yahoo. I think I’ve been very open about that. I think good ideas are [...]
Yahoo to lay off around 1,500 workers
Rumors are confirmed as Yahoo has announced that they would be cutting around 1500 jobs in their worldwide operations.
This job cut would mean that the company would get rid of 10% of their entire workforce.
The company has just come out with their latest revenue report and the numbers are [...]
Icahn might get more support from yahoo investors if he promises a minimum sale price
Legg Mason portfolio manager Bill Miller has said in a report that billionaire investor Carl Icahn is likely to find more support from Yahoo Investors if he promises not to sell the company below a certain price.
Legg Mason Capital Management is [...]
Carl Icahn asks Yahoo to offer itself to Microsoft!
Investor Carl Icahn has asked Yahoo to put an offer to Microsoft for an acquisition deal.
He said that the company should make an offer for $49.5 billion.
This is around USD 2 billion higher than the last offer Microsoft made to Yahoo.
Analysts say that this is the [...]
WSJ: Carl Icahn plans to seek removal of Jerry Yang
Wall Street Journal has reported that Billionaire investor Carl Icahn is planning to seek the removal of Jerry Yang as the CEO of Yahoo if he manages to win the proxy battle against the company.
Icahn is trying to replace the board of the company with his [...]
Yahoo says they wanted to continue talks with Microsoft
Internet media giant Yahoo has now stated that they wanted to continue talks with Microsoft over a possible acquisition deal.
Yahoo boss Jerry Yang was quoted as saying: “We were negotiating a way to find common ground and then on Saturday they chose to walk away. They started [...]
Yahoo not against Microsoft but expecting better offer
Internet media giant Yahoo might have rejected the latest offer from Microsoft for an acquisition deal but they have clarified that they are not against the company.
Yahoo is just expecting a better offer from Microsoft which gives more value to their shareholders.
Yahoo Chief Executive Jerry Yang and Chairman [...]
Yahoo working on ways to avoid Microsoft takeover
Yahoo Inc. Chief Executive Jerry Yang wrote to company employees saying that they are looking at all the options and they are trying to avoid the situation where Microsoft would take over the company.
He added in the email: “Our board is thoughtfully evaluating a wide range of [...]
Terry Semel leaving Yahoo Inc.
Terry Semel has announced that he is now stepping down as the chairman of internet giant Yahoo Inc.
Last year, he had to resign from the position of chief executive due to pressure from the company investors.
Roy Bostock would now be replacing him as the nonexecutive chairman for the time being.
Semel spoke [...]
