Yahoo looking to slash 10 percent or more of its workforce: Report
9 years, 2 months ago

Yahoo looking to slash 10 percent or more of its workforce: Report

Firstpost  

Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, reveal sources. Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes at the Internet company since 2014, urging it to separate its Asian assets and auction off the core business. The investor, together with other shareholders, has demanded Yahoo separate the Asian assets, including stakes in Chinese e-commerce company Alibaba Group Holding Ltd and Yahoo Japan Corp, and conduct an immediate public auction of the core business, including search and advertising businesses. In December, Yahoo shelved plans to spin off the Alibaba stake and said it would create a separate company that would house Yahoo’s Internet business and its stake in Yahoo Japan.

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Yahoo layoffs: 'Beneficial for overall profitability of company', says CEO Jim Lanzone
2 years, 1 month ago

Yahoo layoffs: 'Beneficial for overall profitability of company', says CEO Jim Lanzone

India TV News  

Yahoo layoffs: 'Beneficial for overall profitability of company', says CEO Jim Lanzone Yahoo layoffs: The layoffs will help the company to go on offense and invest more in businesses that are profitable. Yahoo layoffs 2023 : Yahoo is laying off around 20 per cent of its workforce, or 1,600 employees, that will impact half of the company's ad tech business. …

Yahoo to fire 1,000 employees this week under cost-cutting campaign
2 years, 1 month ago

Yahoo to fire 1,000 employees this week under cost-cutting campaign

India TV News  

Yahoo to fire 1,000 employees this week under cost-cutting campaign Yahoo would lay off over 20% of staff in a major restructuring effort. Yahoo Layoff News: Yahoo announced on Thursday that it plans to lay off over 20% of its total workforce, affecting nearly 50% of its ad tech employees by the end of the year. The move is part …

Yahoo to lay off more than 20% of staff
2 years, 1 month ago

Yahoo to lay off more than 20% of staff

Live Mint  

Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech division. The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said. Yahoo, which is owned by private equity …

Yahoo will eliminate 1,000 jobs in latest tech workforce cuts
2 years, 1 month ago

Yahoo will eliminate 1,000 jobs in latest tech workforce cuts

LA Times  

Yahoo Inc. joins the tech industry layoff wave, cutting about 1,000 jobs starting this week with more to come as it restructures its advertising tech division. Yahoo Inc. will eliminate about 1,000 jobs beginning this week, or roughly 12% of its employees, the first round of cuts in a larger plan to restructure its advertising tech division amid a wave …

Japan’s Softbank to spend $4billion to hike stake in Yahoo Japan
5 years, 10 months ago

Japan’s Softbank to spend $4billion to hike stake in Yahoo Japan

Live Mint  

Japanese telecoms company Softbank Corp. said Wednesday that it will spend 456.5 billion yen to increase its stake in Yahoo Japan to nearly 45%. Softbank, the Japanese mobile subsidiary of Softbank Group Corp., listed its shares in December in Japan's largest-ever initial public offering, at more than 2 trillion yen. It how holds a 12% stake in Yahoo Japan, which …

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation
7 years, 9 months ago

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Verizon Communications said on Tuesday …

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits
7 years, 9 months ago

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that marks the end of the Yahoo’s 21-year-old history as a publicly traded company and the five-year reign of Yahoo CEO Marissa Mayer. CEO Mayer will not be joining Verizon and will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and …

Verizon takes over Yahoo to complete $4.5 billion deal
7 years, 9 months ago

Verizon takes over Yahoo to complete $4.5 billion deal

Associated Press  

SAN FRANCISCO — Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Yahoo’s email and other digital services such as sports, finance and news will be run by Tim Armstrong, who has been running AOL since Verizon …

Verizon takes over Yahoo to complete Rs 29,000 cr deal
7 years, 9 months ago

Verizon takes over Yahoo to complete Rs 29,000 cr deal

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands. She will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and stock awards that will be fully vested with …

Verizon to take over Yahoo, will cut 2,000 jobs
7 years, 9 months ago

Verizon to take over Yahoo, will cut 2,000 jobs

Firstpost  

After the Verizon deal, Yahoo will be renamed Altaba, a holding company whose primary assets will be its stake in Alibaba Group Holding Ltd and a 35.5 percent stake in Yahoo Japan Corp. Yahoo Inc shareholders on Thursday approved the company’s pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from …

Yahoo and AOL will merge to form a new company called Oath
7 years, 11 months ago

Yahoo and AOL will merge to form a new company called Oath

Firstpost  

AOL and Yahoo will be combined into a unit called Oath after telecom titan Verizon buys the pioneering internet firm, according to a tweet Monday by the AOL chief. A price cut early this year kept Verizon on track to consummate the purchase of Yahoo’s internet business, and share the costs from a pair of epic hacks that threatened to …

Yahoo will close the sales with Verizon in the second quarter – Firstpost
8 years, 2 months ago

Yahoo will close the sales with Verizon in the second quarter – Firstpost

Firstpost  

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. Operating results for the fourth quarter, featuring a 15 percent gain in revenue from a year ago, appeared to provide some …

Yahoo to change name of major part of its business
8 years, 2 months ago

Yahoo to change name of major part of its business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Yahoo's chief executive Marissa Mayer …

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal
8 years, 2 months ago

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal

Live Mint  

Bengaluru: Yahoo Inc said on Monday that it would rename itself Altaba Inc and chief executive officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The …

Yahoo’s traffic rises despite hacking
8 years, 5 months ago

Yahoo’s traffic rises despite hacking

Live Mint  

San Fracisco: If Verizon Communications really wants to renegotiate its $4.8 billion deal to buy Yahoo’s internet operations, it’s probably going to have a fight on its hands. That appears to contradict Verizon’s assertion last week that the damage to Yahoo’s business from the breach could’ve been severe enough to set off a provision in the sale agreement that would …

Yahoo Japan sought merger with parent ahead of Verizon deal
8 years, 6 months ago

Yahoo Japan sought merger with parent ahead of Verizon deal

Live Mint  

San Francisco: Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc—but was rebuffed—during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core assets for more than $4.8 billion, according to a regulatory filing detailing the sales effort. The board of Yahoo Japan in February sent a letter to Yahoo chairman Maynard …

After Yahoo, these tech firms look ripe for a sale
8 years, 7 months ago

After Yahoo, these tech firms look ripe for a sale

LA Times  

Verizon’s proposed acquisition of Yahoo Inc. could kick off other tech mergers. Groupon Inc. Headquarters: Chicago Employees: 9,872 2015 net loss: $102 million 2015 revenue: $3.1 billion The provider of daily discount deals posted second-quarter results last week that topped Wall Street forecasts, but Groupon is losing money amid a restructuring. Zynga Inc. Headquarters: San Francisco Employees: 1,669 2015 net …

Identity Crisis and Poor Leadership Led to Yahoo’s Demise
8 years, 8 months ago

Identity Crisis and Poor Leadership Led to Yahoo’s Demise

The Quint  

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world’s biggest brands, was enjoying its run as one of …

Verizon expected to buy Yahoo core for $4.8b .
8 years, 8 months ago

Verizon expected to buy Yahoo core for $4.8b .

China Daily  

Activist investors including Starboard Value demanded and then pressured for change Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday. Verizon Communications Inc will announce plans to buy Yahoo's core assets for a bit more than $4.8 billion, said two people with direct knowledge of the situation who asked …

Verizon Buys Internet Giants Yahoo for $4.8 Billion
8 years, 8 months ago

Verizon Buys Internet Giants Yahoo for $4.8 Billion

The Quint  

Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. The sale announced on Monday marks the second time in two years that Verizon has snapped up the remains of a fallen internet star as it broadens its digital reach. Yahoo will be left with its stakes in Alibaba …

Verizon buys Yahoo web assets for $4.8 billion
8 years, 8 months ago

Verizon buys Yahoo web assets for $4.8 billion

Live Mint  

San Francisco: Verizon Communications Inc. agreed to buy Yahoo Inc.’s web assets for $4.83 billion, ending the company’s two-decade run as an independent business that took it from Stanford University start-up at the dawn of the Internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc. Verizon will pay cash in a deal that includes Yahoo …

Verizon buys Yahoo for $4.8 billion, and it’s giving Yahoo’s brand another chance
8 years, 8 months ago

Verizon buys Yahoo for $4.8 billion, and it’s giving Yahoo’s brand another chance

LA Times  

The Yahoo sign at the company’s headquarters in Sunnyvale, Calif. Verizon Communications Inc. built its business on pipes and antennae. “Yahoo is a company that changed the world,” Yahoo Chief Executive Marissa Mayer said in a note to employees. Yahoo’s Web business will be integrated with AOL, but AOL spokeswoman Caroline Campbell said “Yahoo brands will not go away.” Instead, …

Verizon 'agrees to buy Yahoo' for $5bn
8 years, 8 months ago

Verizon 'agrees to buy Yahoo' for $5bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Verizon has agreed to buy …

Yahoo offering more than 3,000 patents amid strategic reviews
8 years, 9 months ago

Yahoo offering more than 3,000 patents amid strategic reviews

Live Mint  

Inc. is exploring the sale of more than 3,000 patents as part of an effort begun earlier this year to look into ways to monetize its intellectual property. The company has extended efforts on the divestiture of patents and pending patents held by its Excalibur LLC unit that include search, advertising and cloud-based technology, the company said in an e-mailed …

Verizon to bid $3 billion for Yahoo’s core business, report says
8 years, 9 months ago

Verizon to bid $3 billion for Yahoo’s core business, report says

LA Times  

Yahoo is led by President and CEO Marissa Mayer, shown in 2014. Yahoo Inc. shares are down slightly after a report that Verizon Communications Inc. is expected to bid $3 billion for the embattled tech company’s core Internet business. NEWSLETTER: Get the day’s top headlines from Times Editor Davan Maharaj >> Adding Yahoo could help Verizon push further into the …

Who might buy Yahoo, and what would they gain?
8 years, 11 months ago

Who might buy Yahoo, and what would they gain?

LA Times  

A Yahoo sale would mark an end for a company once considered a Web giant, but it’s an option investors have rallied behind. A sale would mark an end for a company once considered a giant of the Web, but it’s an option investors — who have grown increasingly frustrated with Yahoo’s direction — have rallied behind. They’d be buying …

Britain’s Daily Mail considers a bid for Yahoo
8 years, 11 months ago

Britain’s Daily Mail considers a bid for Yahoo

LA Times  

Daily Mail said it has “been in discussions with a number of. But media analysts say it could be an opportunistic move for the firm, which has shown promising growth in the U.S. Last year, a quarter of the Daily Mail’s revenue came from the U.S., and its annual earnings report showed 38% year over year growth in North America. …

Is software giant Microsoft making a fresh attempt at buying Yahoo Inc?
8 years, 11 months ago

Is software giant Microsoft making a fresh attempt at buying Yahoo Inc?

India TV News  

New Delhi: Fading Internet pioneer Yahoo may see a fresh attempt at being bought out by Microsoft, days after it said it was auctioning its core business including search, mail and news sites. While Reuters has cited a source as saying that Microsoft executives have met potential Yahoo investors, a report in Re/Code said that it was willing to provide …

Microsoft reportedly told potential Yahoo bidders it might back bids
9 years ago

Microsoft reportedly told potential Yahoo bidders it might back bids

Live Mint  

Bengaluru: Microsoft Corp executives are in talks with equity firms considering bids for Yahoo Inc! Yahoo launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd. In an interview with Reuters in February, Yahoo chief executive officer Marissa Mayer said the company will entertain …

Yahoo announces first round of layoffs as it trims 15 percent of workforce
9 years, 1 month ago

Yahoo announces first round of layoffs as it trims 15 percent of workforce

Firstpost  

Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts. The layoffs take effect April 11 and affected employees received 60-day advance notice of the move, Yahoo said in a notice filed with the California Employment Development Department. Yahoo Chief Executive Officer Marissa Mayer said during …

Yahoo to cut 1,700 workers as CEO tries to save her own job
9 years, 1 month ago

Yahoo to cut 1,700 workers as CEO tries to save her own job

China Daily  

Marissa Mayer, Yahoo CEO Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. In an apparent concession to frustrated shareholders, Mayer also said Yahoo's board will mull "strategic alternatives" that could result in the sale of all the company's Internet …

Yahoo to cut 1,700 workers; CEO likely to get sacked
9 years, 1 month ago

Yahoo to cut 1,700 workers; CEO likely to get sacked

India TV News  

San Francisco: Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up that's likely to determine whether CEO Marissa Mayer can save her own job. In an apparent concession to frustrated shareholders, Mayer also said Yahoo's board will mull 'strategic alternatives' that could result in the sale of all the company's Internet operations. …

Yahoo Will Lay Off 15 Percent of Its Workforce
9 years, 1 month ago

Yahoo Will Lay Off 15 Percent of Its Workforce

Wired  

Last year was a rough one for Yahoo. Yahoo CEO Marissa Mayer today announced a slew of changes at the company in order to prove to investors that it still has a real future as a tech giant. "Today, we're announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo's transformation," Mayer said in a statement. …

Yahoo to cut 15% jobs, close several units: report
9 years, 1 month ago

Yahoo to cut 15% jobs, close several units: report

Live Mint  

Bengaluru/San Francisco/New York: Yahoo Inc chief executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15% of the company’s workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. It is unclear whether the plan Mayer is expected to announce would satisfy their demands, but cutting costs could make Yahoo …

Yahoo to decide next strategic steps after quarterly earnings: Sources
9 years, 2 months ago

Yahoo to decide next strategic steps after quarterly earnings: Sources

Firstpost  

Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets. Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said …

Yahoo to keep Alibaba, spin off core business
9 years, 3 months ago

Yahoo to keep Alibaba, spin off core business

Firstpost  

Yahoo flipped its reorganization plan Wednesday, announcing it would keep its stake in China’s Alibaba but spin off its core Internet business creating new uncertainties for the struggling tech giant. The plan, expected to sharply cut back some of Yahoo’s operations and likely reduce the workforce of some 11,000, would create “greater transparency to ensure that Yahoo’s business operations are …

Yahoo scraps spinoff plan for Alibaba
9 years, 3 months ago

Yahoo scraps spinoff plan for Alibaba

LA Times  

In January, when Yahoo Inc. announced plans to spin off its $31-billion stake in Chinese e-commerce giant Alibaba, there was talk of how it would liberate Yahoo to focus on its core business of Internet search and content ranging from news to stock market investor tools to online TV shows. “Instead of spinning off Alibaba, which could have resulted in …

Yahoo Takes Reverse Spin To Boost Investment Image
9 years, 3 months ago

Yahoo Takes Reverse Spin To Boost Investment Image

NPR  

Yahoo Takes Reverse Spin To Boost Investment Image It sounds like a dance move — the reverse spin. The move, announced this morning, is mainly meant to help Yahoo avoid paying taxes, but the company says it will also spruce up Yahoo's image. SHAHANI: A reverse spin - sounds like a dance move, but this will take another kind of …

Yahoo Tries To Avoid A Big Tax Bill Over Alibaba
9 years, 3 months ago

Yahoo Tries To Avoid A Big Tax Bill Over Alibaba

NPR  

Yahoo Tries To Avoid A Big Tax Bill Over Alibaba Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Yahoo is changing course in its efforts to sell shares in another company. So, Yahoo announced Wednesday morning it'll hold on to its Alibaba stake and do a "reverse spinoff" — a feat of financial engineering in which the …

Yahoo mulls selling Internet business to dodge $10 billion tax bill
9 years, 3 months ago

Yahoo mulls selling Internet business to dodge $10 billion tax bill

India TV News  

Yahoo mulls selling Internet business to dodge $10 billion tax bill San Francisco: Yahoo's board is considering an activist shareholder's demand to sell the Internet services the company is best known for, a maneuver that might help the company dodge a tax bill of more than San Francisco: Yahoo's board is considering an activist shareholder's demand to sell the Internet …

Yahoo Board to Weigh Future of Company, Marissa Mayer
9 years, 3 months ago

Yahoo Board to Weigh Future of Company, Marissa Mayer

The Quint  

The board of Yahoo Inc will weigh the sale of its core Internet business when it meets this week, according to sources. The board’s meeting comes amid a broader debate about the future of the company and that of its high-profile chief executive, Marissa Mayer. Yahoo’s core business, which includes popular services like Yahoo Mail and its news and sports …

Starboard urges Yahoo to drop Alibaba spinoff plan
9 years, 4 months ago

Starboard urges Yahoo to drop Alibaba spinoff plan

China Daily  

The Yahoo offices are pictured in Santa Monica, California in this April 18, 2011, file photo. Starboard Value, shareholder of Yahoo Inc, asked the board to drop the spinoff plan of its stake in e-commerce giant Alibaba Group Holding, according to Bloomberg on Friday. Its core business, excluding cash holdings, Alibaba shares and partial ownership of Yahoo Japan Corp, is …

Yahoo to add $2 billion to its share | India TV News
10 years ago

Yahoo to add $2 billion to its share | India TV News

India TV News  

Yahoo says it will buy back $2 billion in stock New York: Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba.Investors were pushing Yahoo to use some of the proceeds New York: Yahoo says it will buy back $2 billion in company stock as it …

Yahoo to spin off Alibaba stake into separate company
10 years, 2 months ago

Yahoo to spin off Alibaba stake into separate company

China Daily  

The Yahoo offices are pictured in Santa Monica, California in this April 18, 2011, file photo. Yahoo CEO Marissa Mayer is spinning off the company's prized stake in China's Alibaba Group Holding in a move that will enable Yahoo to avoid paying billions of dollars in future taxes. Investments in Alibaba, China's largest e-commerce company, and Yahoo Japan are the …

Yahoo CEO defends strategy in face of criticism
10 years, 5 months ago

Yahoo CEO defends strategy in face of criticism

Associated Press  

SAN FRANCISCO — Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction. Starboard contends that since Mayer became CEO in July 2012, Yahoo has been wasting money on ill-advised acquisitions and a bloated payroll while mismanaging its lucrative stake in …

Yahoo downsizes engineering operations in India
10 years, 5 months ago

Yahoo downsizes engineering operations in India

Live Mint  

San Francisco/Mumbai: Yahoo Inc. is reducing the size of its operations in Bangalore, India, the Internet company’s largest engineering facility outside its California headquarters. Yahoo, a one-time Internet pioneer, is trying to revive stagnant revenue growth under the leadership of Marissa Mayer, who took the helm as chief executive officer two years ago. At the time, Mayer was weighing bringing …

Investors fret Yahoo's future, stock dips
10 years, 6 months ago

Investors fret Yahoo's future, stock dips

India TV News  

Investors fret Yahoo's future, stock dips San Francisco: Yahoo may be losing some appeal on Wall Street now that U.S. investors can buy directly into Alibaba.Yahoo's stock fell Monday as investors grappled with uncertainty about CEO Marissa Mayer's efforts to turn San Francisco: Yahoo may be losing some appeal on Wall Street now that U.S. investors can buy directly into …

With Alibaba IPO, Yahoo reaps a big reward from risky bet
10 years, 6 months ago

With Alibaba IPO, Yahoo reaps a big reward from risky bet

India TV News  

With Alibaba IPO, Yahoo reaps a big reward from risky bet New York: Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion dollar boon.The latest windfall came with Alibaba's record-setting IPO New York: Yahoo is making amends for years of blundering with one smart move: …

With Alibaba's big debut, 10 things to know
10 years, 6 months ago

With Alibaba's big debut, 10 things to know

India TV News  

With Alibaba's big debut, 10 things to know New York: China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history:THE BIGGEST: Alibaba New York: China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. …

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