The identity crisis that led to Yahoo’s demise
8 years, 7 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 downfall can be traced to choices made by both the executive leadership and the board of directors during the company’s heyday in the mid-2000s. “It became very difficult to get both investment and alignment” around new product initiatives, said Greg Cohn, a former senior product director at Yahoo and now CEO of the mobile phone app company Burner. “From our perspective, we were a media company,” said Dan Rosensweig, Yahoo’s COO from 2002 to 2007 and now CEO of online education company Chegg Inc. “It didn’t feel at the time that there was a strong likelihood we would beat Google at search. “When Coca Cola came to campus, we rolled out the purple carpet,” recalled Wenda Harris Millard, Yahoo’s chief sales officer from 2001 to 2007 and now president and COO of business development firm MediaLink.

Business Media Google Microsoft Company Billion Reuters Yang Led Product Some People Mayer Coo Yahoo Millard Semel Garlinghouse  product  led  demise  business  advertising  crisis  microsoft  company  yahoos  executives  billion  identity  google  media

History of this topic

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 …

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 …

AOL chief says firm shopped buyout deals to Google, Facebook
8 years ago

AOL chief says firm shopped buyout deals to Google, Facebook

Live Mint  

Wilmington : AOL Inc. sought to cut a deal with online rivals Google Inc. and Facebook Inc. before agreeing to a $4.4 billion buyout by Verizon Communications Inc., the company’s top executive told a Delaware judge. “The Verizon offer was a good deal for the company.’’ Investment funds holding more than 8 million AOL shares want Chancery Judge Sam Glasscock …

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 …

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’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’s data breach may impact its $4.83-billion deal to sell to Verizon
8 years, 5 months ago

Yahoo’s data breach may impact its $4.83-billion deal to sell to Verizon

LA Times  

Verizon’s deal to buy Yahoo for $4.83 billion could be on shaky ground after the Internet company disclosed last month a 2014 data breach that affected at least 500 million Yahoo accounts. “Based on what we know so far, we have reason to believe that Yahoo’s data breach has had a material impact,” Silliman said. The New York telecommunications company …

Yahoo faces 'existential crisis' after biggest data breach in history sees 500m users hacked
8 years, 6 months ago

Yahoo faces 'existential crisis' after biggest data breach in history sees 500m users hacked

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. The shocking breach of 500 million users accounts disclosed …

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, 7 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 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 …

Yahoo’s demise: Nice guy founders are partly to blame
8 years, 8 months ago

Yahoo’s demise: Nice guy founders are partly to blame

Live Mint  

San Francisco: The epilogue in the long, sad story of Yahoo!, the web portal with the perpetually ebullient exclamation mark, is finally being written. Filo, as the technical leader, wrote the very first version of Yahoo search and made the bulk of decisions about the company’s underlying technical architecture. At Google, Larry Page and Sergey Brin brought in Eric Schmidt …

Why Yahoo Still Matters
8 years, 8 months ago

Why Yahoo Still Matters

Huff Post  

Yahoo CEO Marissa Mayer is seen in January 2014. Robert Galbraith / Reuters Verizon announced its long-awaited plan Monday morning to buy much of the ailing web giant Yahoo as the mobile behemoth looks to build an empire of media properties from the embers of the internet’s biggest early players. Yahoo will give Verizon, the largest wireless network in the …

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 …

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal
8 years, 8 months ago

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal

India TV News  

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal Verizon Communications has agreed to buy online portal Yahoo Inc. for little over $4.8 billion or around Rs 32200 crore, according to media reports. The deal is expected to be announced formally on Monday before Verizon Communications has confirmed $4.83 billion buyout of online pioneer …

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 …

Verizon said to be buyer of Yahoo for $5 billion: Reports
8 years, 8 months ago

Verizon said to be buyer of Yahoo for $5 billion: Reports

Associated Press  

NEW YORK — Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company. Yahoo has been …

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 in talks with private equity firms with regards to financing for Yahoo sale
8 years, 11 months ago

Microsoft in talks with private equity firms with regards to financing for Yahoo sale

Firstpost  

Microsoft Corp executives are in early talks with potential Yahoo Inc investors about contributing to financing to buy the troubled Internet company, a person familiar with the situation said. Private equity firms interested in Yahoo approached Microsoft, the person added. Verizon’s Chief Financial Officer Fran Shammo said in December that the U.S. wireless carrier could look at buying Yahoo’s core …

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 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 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 …

With 800 million monthly users, Yahoo CEO touts turnaround in growth
11 years, 6 months ago

With 800 million monthly users, Yahoo CEO touts turnaround in growth

India TV News  

San Francisco: Yahoo CEO Marissa Mayer says the Internet company now has about 800 million worldwide users, a 20 percent increase since she was lured away from Google 15 months ago to steer a turnaround. The gain disclosed Wednesday at a technology conference in San Francisco is the latest evidence of the progress that Yahoo Inc. is making under Mayer's …

Yahoo! acquires Tumblr for $1.1 billion, promises not to 'screw it up' – Firstpost
11 years, 10 months ago

Yahoo! acquires Tumblr for $1.1 billion, promises not to 'screw it up' – Firstpost

Firstpost  

will buy Tumblr for $1.1 billion in an all-cash deal that is expected to close in the second half of this year. She estimated that the takeover could grow Yahoo!’s audience by 50 percent—to more than a billion monthly visitors—and increase traffic by about 20 percent. She said the acquisition will see Tumblr bring in about 50 billion posts to …

The Marissa Mayer effect: Yahoo profit soars but revenue falls
11 years, 11 months ago

The Marissa Mayer effect: Yahoo profit soars but revenue falls

India TV News  

The Marissa Mayer effect: Yahoo profit soars but revenue falls New York, April 17: Yahoo's Internet advertising revenue crumbled further during the first three months of the year and overshadowed a surge in the company's earnings.The results released Tuesday seemed to dim some of the New York, April 17: Yahoo's Internet advertising revenue crumbled further during the first three months …

Yahoo announces 2,000 layoffs as new CEO seeks turnaround
12 years, 11 months ago

Yahoo announces 2,000 layoffs as new CEO seeks turnaround

LA Times  

SAN FRANCISCO — Yahoo Inc.’s decision to slash 2,000 employees, or 14% of its workforce — the deepest cuts in its 18-year history — marks new Chief Executive Scott Thompson’s seriousness about a sweeping restructuring of the troubled online company. “It may be the only way CEO Thompson can effectively focus on the next generation of Yahoo,” Think Equity analyst …

The great Yahoo mystery: Who is investing and for how much?
13 years, 3 months ago

The great Yahoo mystery: Who is investing and for how much?

Firstpost  

Two bids are on the table for a 20 percent stake in Yahoo, but rumours that a whole-company offer is being put together that values the tech giant $25 bn could derail existing negotiations. Alibaba Group spokesman, John Spelich, said: “Alibaba Group has not made a decision to be part of a whole company bid for Yahoo.” This is despite …

The great Yahoo mystery: Who is investing and for how much?
13 years, 3 months ago

The great Yahoo mystery: Who is investing and for how much?

Firstpost  

Two bids are on the table for a 20 percent stake in Yahoo, but rumours that a whole-company offer is being put together that values the tech giant $25 bn could derail existing negotiations. Alibaba Group spokesman, John Spelich, said: “Alibaba Group has not made a decision to be part of a whole company bid for Yahoo.” This is despite …

Third Point demands resignation of Yahoo founder
13 years, 4 months ago

Third Point demands resignation of Yahoo founder

Firstpost  

Hedge fund manager Daniel Loeb launched another attack on Yahoo Inc on Friday, demanding co-founder Jerry Yang’s resignation and two seats on the struggling Internet company’s board. In a letter to Yahoo’s board, Loeb said he was “deeply concerned” Yahoo is looking at deals that will allow private equity firms to gain substantial equity positions in the company. A bit …

Microsoft, Yahoo Talking On Search Deal: Report
15 years, 11 months ago

Microsoft, Yahoo Talking On Search Deal: Report

Firstpost  

Expectation that the two technology giants would enter negotiations over Yahoo’s search business has been rising since Yahoo’s new CEO, Carol Bartz, took the reins in January. The chief executives of Microsoft and Yahoo met last week to discuss potential partnerships between the companies’ Internet search and advertising operations, the technology blog ‘All Things Digital’ reported on Friday, April 10. …

Yahoo's Other Problem: The Shrinking Display Market
16 years, 5 months ago

Yahoo's Other Problem: The Shrinking Display Market

Wired  

Yahoo's plan to serve Google ads to its underperforming key words has led to monopoly allegations against Google and a delay in implementing their June partnership. The plan was supposed to bolster Yahoo's ailing search business, but now it looks like the company's cash cow — display — is about to suffer as well. Bank of America's senior analyst Brian …

Yahoo agrees ad deal with Google
16 years, 9 months ago

Yahoo agrees ad deal with Google

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 Microsoft's plan to establish a …

Shareholders Want Microsoft-Yahoo Deal Done -- Pronto
17 years, 1 month ago

Shareholders Want Microsoft-Yahoo Deal Done -- Pronto

Wired  

Let's suppose Yahoo holds its board meeting today, as TechCrunch is reporting -- we wouldn't expect a definitive response to Microsoft's hostile $44.6 billion bid immediately, especially not on a Friday afternoon. Although technology industry shareholders tend to be a pretty litigious bunch -- Yahoo is currently facing several securities lawsuits, according to its most recently quarterly report -- if …

Discover Related