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 accurately valued,” Mayer said. Chief financial officer Kenneth Goldman said the new plan was “an operational mirror image of the original proposal,” and that it was decided because resolving questions of tax liability “could take years.” Under it, Yahoo’s assets and liabilities other than the Alibaba stake would be transferred to a newly formed company, shares of which would be distributed to Yahoo shareholders. Mayer said that Yahoo Japan “is a very important business partner,” but that for the moment “the highest priority is the Alibaba equity stake and we’re focused on that.” Analyst Kay said the revised plan “means Marissa Mayer is not ready to let go of the core Yahoo assets without a fight.” “I don’t know if Marissa Mayer is the right person to lead the company out of the desert but it can be done,” Kay told AFP.

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History of this topic

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 …

Yahoo exits China, cites 'challenging' environment for company
3 years, 4 months ago

Yahoo exits China, cites 'challenging' environment for company

Op India  

Yahoo Inc. has become the latest technology firm to retreat from China in response to Beijing’s increasingly tightening control over the industry. On November 2, Yahoo Inc. said it is pulling out of China citing “challenging” business and legal environment in the country. “In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will …

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 …

What's next for Yahoo and Verizon?
8 years, 2 months ago

What's next for Yahoo and Verizon?

Salon  

By the end of March, Yahoo is supposed to enter a new phase of its 23-year existence through its acquisition by wireless carrier Verizon. “However I suspect they are keen to persist with the original strategy despite much criticism from shareholders.” If Verizon were to pull out of the deal, it’s unclear who else would want Yahoo. Verizon executives reportedly …

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 …

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 …

The identity crisis that led to Yahoo’s demise
8 years, 8 months ago

The identity crisis that led to Yahoo’s demise

Live Mint  

San Francisco: 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. Many of the more than two dozen former Yahoo managers interviewed by Reuters over the past two weeks—who now occupy executives suites elsewhere in Silicon Valley—agree that the company’s …

Verizon said to end Yahoo survival fight with a $4.8b deal
8 years, 8 months ago

Verizon said to end Yahoo survival fight with a $4.8b deal

China Daily  

A man drives a Mini Cooper with a Yahoo! 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 …

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 …

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 …

Struggling with turnaround, Yahoo announces closure of several products, regional sites
9 years ago

Struggling with turnaround, Yahoo announces closure of several products, regional sites

India TV News  

New Delhi: In a move aimed at allowing the company to focus on core consumer products, web pioneer Yahoo yesterday announced the shutdown of several products and regional sites in its presentation of its progress report for the first quarter of 2016. As shared in its last earnings call, the company wants to focus on just seven core consumer products: …

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 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 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 …

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 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 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, 1 month 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 buys digital ad service BrightRoll for $640 million
10 years, 4 months ago

Yahoo buys digital ad service BrightRoll for $640 million

India TV News  

Yahoo buys digital ad service BrightRoll for $640 million New York: Yahoo is buying digital video advertising service BrightRoll for $640 million in the Internet company's latest attempt to boost its revenue after years filled mostly with financial futility.The acquisition New York: Yahoo is buying digital video advertising service BrightRoll for $640 million in the Internet company's latest attempt to …

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 …

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. …

Yahoo to make billions from Alibaba IPO
10 years, 6 months ago

Yahoo to make billions from Alibaba IPO

India TV News  

Yahoo to make billions from Alibaba IPO New Delhi: Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.The latest windfall will be delivered with Alibaba's New Delhi: Yahoo is making amends for years of blundering with one smart move: an early investment in …

Yahoo to keep more of Alibaba, share half of IPO proceeds
10 years, 8 months ago

Yahoo to keep more of Alibaba, share half of IPO proceeds

China Daily  

A Yahoo logo is pictured in front of a building in Rolle, 30 km east of Geneva, in this file picture taken Dec 12, 2012. Yahoo Inc pledged to pay its shareholders at least half the proceeds from Alibaba Group Holding Ltd's mega-IPO this fall and plans to keep a larger stake in the Chinese e-commerce company than expected. Yahoo …

Chinese web giant Alibaba files for public offering in US
10 years, 10 months ago

Chinese web giant Alibaba files for public offering in US

Live Mint  

New York: Alibaba Group Holding Ltd, which rode China’s emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed on Tuesday for what could become the largest US initial public offering ever. The company’s market value is estimated at $168 billion, bigger than 95% of the Standard …

Yahoo's growth anemic as turnaround chugs along
10 years, 11 months ago

Yahoo's growth anemic as turnaround chugs along

Firstpost  

Yahoo again posted anemic quarterly revenue growth as the Internet company’s advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer’s comeback effort. Revenue from its core display advertising business inched 2 percent higher in the first quarter, reversing several consecutive quarters of declines. Yahoo’s core business improved slightly in the first quarter, but …

Yahoo's 4Q results dragged down by revenue drop
11 years, 1 month ago

Yahoo's 4Q results dragged down by revenue drop

India TV News  

Yahoo's 4Q results dragged down by revenue drop San Francisco: Yahoo CEO Marissa Mayer insists the long-stumbling Internet company has finally regained its stride, even though its revenue is still stuck in reverse.The latest evidence of the challenges facing Mayer emerged Tuesday with San Francisco: Yahoo CEO Marissa Mayer insists the long-stumbling Internet company has finally regained its stride, even …

Yahoo's 4Q results dragged down by revenue drop
11 years, 1 month ago

Yahoo's 4Q results dragged down by revenue drop

India TV News  

Yahoo's 4Q results dragged down by revenue drop San Francisco: Yahoo CEO Marissa Mayer insists the long-stumbling Internet company has finally regained its stride, even though its revenue is still stuck in reverse.The latest evidence of the challenges facing Mayer emerged Tuesday with Yahoo Inc., based in Sunnyvale, Calif., earned $348 million, or 33 cents per share, a 28 percent …

Yahoo, Japan's Softbank back China's e-commerce giant Alibaba
11 years, 6 months ago

Yahoo, Japan's Softbank back China's e-commerce giant Alibaba

Firstpost  

Chinese e-commerce giant Alibaba’s biggest shareholders, Yahoo and Japan’s Softbank Corp., on Friday backed the company’s unusual management structure that Hong Kong’s stock exchange was unwilling to accommodate Hong Kong: Chinese e-commerce giant Alibaba’s biggest shareholders, Yahoo and Japan’s Softbank Corp., on Friday backed the company’s unusual management structure that Hong Kong’s stock exchange was unwilling to accommodate, forcing it …

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