AllThingsD reports that sources "close to the situation" are claiming that Yahoo is all set to grab a new CEO to attempt to turn things around or at least slow the train wreck that seems to never stop at Yahoo. The tip surfaced yesterday with the factoid that the announcement could come as early as this morning. The person reportedly being eyed for the job is Scott Thompson.
AllThingsD has reported that Google will be on track to pay an impressive $300 million per year to Mozilla, for when Google and Mozilla renewed their search royalty deal, earlier this week. This exorbitant amount of money will allow Google to be the default search engine in Mozilla's Firefox web browser. The deal has apparently climbed to this figure, from previous deals, due to Yahoo and Microsoft's Bing search engine, which have provided ample competition, until now.
Yahoo's board of directors is reportedly considering a deal to sell all of its Asian assets, specifically, the bulk of the company’s prized holdings in the China's Alibaba Group and Yahoo’s Japanese affiliate to their majority shareholders in a massive deal worth $17 billion, according to a report in The New York Times DealBook. Yahoo would allegedly still keep a 15 percent stake in Chinese internet group Alibaba, however. The company’s stock on the Nasdaq exchange jumped nearly 6 percent today on the Asian asset sale rumors, and currently sits at just about $16 a share after trading hours had closed.
If you've been a part of Facebook through the most recent round of updates that've included what they've dubbed "Frictionless Sharing", you know that many connected apps are now demanding that everything you experience through them should also be shared with all of your contacts - when asked by TechCrunch whether or not this was ruining users ability to curate what's shown in their day to day, Yahoo's Mike Kerns had some disturbing things to say. The conversation came about amid Yahoo's announcement that Facebook's Frictionless Sharing experience had brought them the auto-sharing of 1 million articles over a 2 month period, this leading to 500,000 daily referrals to their site. In response to this success, Yahoo has released a notifications system across their sites, this showing off content activity in a similar way to Facebook. Kerns basically tells TechCrunch that kids these days like to share, and should just suck it up.
Chinese internet group Alibaba is said to be involved in ongoing negotiations with Japanese telecom giant Softbank in an attempt to establish a bid for all of Yahoo (Alibaba already owns Yahoo's chinese business group, in exchange for a 40% stake in Alibaba and 'strategic partnership' in 2005). Sources familiar with the matter have informed Bloomberg that leading private equity firms Blackstone Group and Bain Capital have also been tapped to participate in the acquisition talks.
Yahoo! could have finally found a buyer, for its US business at least, with reports that a private equity firm is considering a $5bn-6bn bid for the beleaguered giant. Thomas H. Lee Partners' US-centric strategy differs from that of rivals, Reuters' sources claim, which are considering staged minority investments of around 20-percent; that would keep them under the trigger for shareholder approval, allowing Yahoo!'s board greater flexibility in choosing its new partners.
Microsoft appears to have renewed interest in buying up the troubled Yahoo. According to the New York Times, a source briefed on the matter says that Microsoft has signed a nondisclosure agreement with Yahoo in order to join private equity firms Silver Lake, TPG Capital, and others in taking a closer look at Yahoo's books.
This week at Yahoo's annual Product Runway event, they offered up several announcements, one of which was a new digital newsstand for tablets and smartphones called Livestand. This product will come in the form of an application that will work on several device platforms and will bring content from publishers together with Yahoo's news sites in a magazine format. It's made with HTML5, and will include over 100 titles right out of the box, this very nearly having a chance at not reminding us that the big news with Yahoo still remains their recent dealings with being sold to a larger company.
For those of you following the sale of Hulu - oh wait, you didn't know Hulu was for sale? Well it was, not it isn't. Follow us for a minute or two as we run down the path from original sale to bidders to bidders dropping out to Hulu just saying "fine, forget about it, I'll just keep to myself!" It's all very dramatic. It all started back in June when Hulu was rumored to be putting themselves up for sale with Yahoo! tipped as a bidder.
Not one day after it was reported that Yahoo! and ABC News would be partnering for news online, Microsoft is being tipped as entering bidding for Yahoo! in the near future. This information comes less than a month after our last report that Microsoft was, again, aiming for a bid on Yahoo!, this still not the first time these giants were to collide. All the way back in 2007, Microsoft was thought to be aiming for the same goal and again in 2008 the story persisted. Will Microsoft ever ACTUALLY purchase Yahoo!, or is this a legend that'll never ever prove itself to be true?