Internet giant Yahoo ha sold off a 1.14 percent stake in the Chinese Internet portal Alibaba.com for a cool $150 million—but insists Alibaba remains Yahoo’s preferred way to tap into China’s massive and ever-growing Internet market, and that Yahoo plans to hang on to its remaining 40 percent stake in the operation.
Tag Archive: internet giant yahoo
Yahoo Sells Off $150 Million of China’s Alibaba.com
Yahoo Buys Photo Organization Site Xoopit
Internet giant Yahoo might be struggling to find its legs after a calamitous head-on collision with a hostile takeover bid from Microsoft, a near shareholder revolt, a new CEO, and belt-tightening, but that isn’t stopping the company for shopping around for new acquisitions. The company has just announced a deal to acquire the privately-held photo organizational service Xoopit. Xoopit and Yahoo already have a history: Xoopit worked with Yahoo to launch Yahoo’s “My Photos” application for Yahoo Mail—currently the most popular third party application in Yahoo Mail—and the company won Yahoo’s Open Hack Day last year.
Yahoo Appoints Cost-Cutter Tim Morse as CFO
Internet giant Yahoo has ended its three-and-a-half month search to find a replacement for CFO Blake Jorgensen: the company has appointed Altera’s Tim Morse as chief financial officer. Morse will start on June 17 and take over full CFO responsibilities on July 1.
"Tim has a proven ability to translate strategy into structure, process, and execution, and I am delighted that he will be joining my leadership team to help drive Yahoo’s growth," said Yahoo CEO Carol Bartz, in a statement. "With his passion for operational finance, global experience, and expertise simplifying complex organizations and managing growth, Tim is a natural fit for Yahoo."
T-Mobile Goes with Yahoo for Mobile Search
Internet giant Yahoo might be facing some tough times, what with losing it’s Google search advertising deal, searching for a new CEO and watching its share price plummet. But T-Mobile is expressing continued confidence in the company, announcing that Yahoo oneSearch will be the default search for its new web2go service. Yahoo will also push sponsored search results and (in some instances) mobile search advertising to web2go. Financial terms of the deal were not disclosed.
Yahoo Inks Windows Mobile Deal with HTC
Internet giant Yahoo and Taiwan’s High Tech Computer Corp (HTC) have announced a new partnership which will see HTC preloading Yahoo Go, Yahoo Search, and Yahoo Mail on millions of HTC’s Windows Mobile smartphones.
“Since we launched Yahoo Go 2.0 less than two months ago, there has been strong demand from the Windows Mobile community to get this innovative service on their mobile devices,” said Marco Boerries, Yahoo’s senior VP of connected life, in a release. “By partnering with HTC to put Yahoo Go 2.0 on its mobile devices, we are bringing the true mobile Internet to an even broader audience around the world.”
Yahoo Hosts Third Film Your Issue Contest
Internet giant Yahoo has teamed with Film Your Issue (FYI) to sponsor the third annual short "issue film" competition. The contest solicits video entries from young filmmakers aged 16 to 25 focussing on local or international issues important to them. Submissions need to be short—just 30 to 60 seconds—and are intended to enable young adults to add their voice to public dialog through the medium of online video.
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