Yahoo To Terminate Geocities
Geocities existed 15 years ago and most people probably forgotten about this web service which was purchased Yahoo for $2.8 billion in 1999. Yahoo has now stop any new member registration and will soon close it down. Current Geocities users can move over to Yahoo! Web Hosting service.
Yahoo To Lay Off 700 Staff
Yahoo has been loosing advertising revenues which resulted in profit falling by 78%. The online company will let go 700 staff from specific business units.
This is what came out of CEO Bartz’s mouth, We have engineers almost in every country, and we have way too many product people…We had one product management person for every three engineers. There were a lot of people running around telling engineers what to do, but nobody was [expletive] doing anything.
Source: Yahoo plans more job cuts as sales, profit fall
Microsoft And Yahoo Resume Search Talks
One year ago Microsoft ended the bid to take over Yahoo, the companies are now started talks of a partnership for Internet search and advertising operations. Yahoo’s new CEO Carol Bartz met with Microsoft CEO Stee Ballmer to talk about selling search ads on Microsoft search and Yahoo search.
Yahoo Screams “Buy Me” To Microsoft
Yahoo’s CEO Jerry Yang is no longer playing hard to get with Microsoft after Google pulled out from advertising deals with the portal company. Microsoft previously was willing to pay $33 a share, but with the market crash, it is now only worth $14 a share. What Yahoo needs now is Microsoft. But will Microsoft play the game again?
Source: Why Google put another nail in Yahoo’s coffin
Yahoo New Home Page
Yahoo will start testing the redesign of their front page with small percentage of users from Britain, France, India and the United States. The new Yahoo webaite features a tab on the left hand column of the page with links to the user’s 10 or 20 favorite sites.
Source: Yahoo begins radical home page overhaul
Google Ads Now Appearing On Yahoo
Google AdSense is now officially appearing on Yahoo after a non-exclusive advertising agreement to have ads appear on Yahoo search. This only applies for US and Canadian version of Yahoo. Google has written a statement regarding this on their blog and it clearly says it is not a merger.
Jerry Yang CEO of Yahoo said, We gain a right to use Google to backfill some of our advertising, and we have full control over that..
Source: Our agreement to provide ad technology to Yahoo!
Microsoft Revives Talks With Yahoo
Microsoft has announced the proposal for an alternative deal to a complete acquisition of Yahoo. There is no further information about this alternative deal. Yahoo has responded with “Our Board is exploring several ‘value maximizing’ alternatives and remains open to pursuing any transaction which is in the best interest of our stockholders.”
Previously Microsoft offered to buy Yahoo for 44.6 billion dollars on January 31 but withdraw offer on May 3.
Micorosoft Not Taking Over Yahoo
Microsoft has previously warned Yahoo that it will lower its offer if Yahoo fails to come to an agreement within three weeks. Now Microsoft has officially pulled out its bid for Yahoo.
Microsoft’s Steve Balmer wrote to Yahoo’s shareholders, “While there has been some limited interaction between management of our two companies, there has been no meaningful negotiation to conclude an agreement”. Read Yahoo’s response to Microsoft pulling out of the merger.
Microsoft Gave Yahoo 3 Weeks Bid
Microsoft has warned Yahoo that it will lower its offer if Yahoo fails to come to an agreement within three weeks.
Microsoft’s Steve Balmer wrote to Yahoo’s shareholders, “While there has been some limited interaction between management of our two companies, there has been no meaningful negotiation to conclude an agreement”. Read Yahoo’s reply after the jump.
MySpace and Yahoo Join Google OpenSocial
Google has previously revealed its OpenSocial initiative and third-party developers have already started announcing plans to build applications using their jointly developed social network APIs. Yahoo and MySpace are going to develop applications for social networks using OpenSocial.
The three companies expected OpenSocial foundation to launch in 90 days on July 1.
