Tag archive: shareholder revolt

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… Read More

Remember the attempt by Microsoft to take over Yahoo a few months ago? Well, it’s no longer there – or maybe it is. The company’s chief executive, Steve Ballmer, was quoted by Bloomberg News as saying that "perhaps there will be continuing opportunities" in regard to an acquisition, which was enough to make Yahoo’s stock jump 13% yesterday, according to Vnunet. However, Microsoft’s PR… Read More