Carl Icahn sold some stake in Yahoo
Carl Icahn is one of the biggest individual investor in the internet media giant Yahoo.
Icahn has now revealed that he recently sold 12.7 million shares to bring down his ownership to around 4.5 percent.
These shares were sold at prices ranging between $14.74 and $14.93.
Incidentally, Icahn had [...]
Publicis to acquire Razorfish from Microsoft
Microsoft has announced that they are selling their Razorfish ad agency to Publicis.
This deal is worth around $530 million and would help Publicis in expanding their services.
The two companies had earlier signed on a cooperation deal in June this year.
They are further expanding their partnership now.
Publicis [...]
Microsoft to hire around 400 Yahoo employees
Microsoft and Yahoo recently announced their collaborative deal on search engine technologies.
The deal would see Microsoft Bing powering Yahoo Search.
As a part of this deal, around 400 Yahoo employees would move to Microsoft.
This comes to around 3% of all Yahoo workers.
Microsoft already has around 91,000 employees [...]
Microsoft retail stores coming to Arizona and California
Microsoft has announced that the first of their retail stores are going to be opened in Arizona and California.
The company has already leased places in Mission Viejo, Calif. and Scottsdale, Ariz.
Incidentally, the location in California already holds an Apple Store.
Microsoft said that they picked up these [...]
AOL to focus on core strengths for revival
AOL Chief Executive Tim Armstrong has said that the company has the potential to survive and become profitable even after it is spun out of Time Warner.
He is asking the investors to hold on to their stock in the company to reap the benefits in the coming [...]
Carl Icahn still wants a deal between Yahoo and Microsoft
Carl Icahn owns around 5% of Yahoo and he has expressed his support for a possible deal between Microsoft and Yahoo.
Industry sources have claimed that the two companies have begun talks once again for a possible deal on search related operations.
Yahoo and Microsoft [...]
Microsoft-Yahoo once again in news
Yahoo and Microsoft are not yet accepting it but industry sources say that the two giants are back in discussions for a possible collaboration.
Microsoft is said to be still interested in the search operations of Yahoo.
The rumours in the market have helped boost Yahoo’s stock price at the share [...]
Microsoft to sell its digital agency Razorfish
Industry sources are claiming that US based software giant Microsoft is now planning to sell its digital agency named Razorfish.
Microsoft has said to have hired the services of Morgan Stanley to find a potential buyer for this property.
Publicis Groupe is said to be interested in acquiring Razorfish.
Microsoft [...]
Kevin Timmons: Microsoft hires yet another Yahoo executive
Microsoft has announced the appointment of Kevin Timmons as the new head of their Data Center Services.
He comes to Microsoft from Yahoo.
He takes over from Michael Manos who had left the job to join Digital Realty Trust.
This is not the first such appointment from Microsoft [...]
Microsoft told to pay USD 200 million in a patent lawsuit
US based software giant Microsoft has been asked by the court to pay Canadian software firm i4i Ltd $200 million in damages for infringing a patent.
Microsoft has said that they are planning appeal this judgement.
I4I had filed the lawsuit against Microsoft in 2007 [...]
