One of the tricks that Microsoft used to get Yahoo to agree to use Bing search results for the Yahoo search engine was a revenue guarantee. That revenue guarantee expired on March 31. However, Reuters reports that Microsoft has now agreed to extend that revenue guarantee.
Yahoo has made another acquisition, this time of time management service Astrid, which just made the announcement on its blog. Such a move comes at a time when Yahoo has been buying up a variety of services and apps, a move in part to bolster the company. Not many details about the deal were provided, but those we do know we have for you after the jump.
Tonight, Yahoo has kicked off its 2013 NewFront event in New York City, replete with a full roster of celebrities and a performance by The Lumineers accompanied by a half-hour live stream on Yahoo Music for those who wish to enjoy it from the comfort of their homes. All of this is to kick off some new shows that Yahoo has added to it content offerings, as well as the announcement of new partnerships and advertisement opportunities.
Yahoo CEO Marissa Mayer has joined the board of portable gadget specialist Jawbone - known for its UP fitness monitor, headsets, and speakers - it's reported, reigniting chatter that the search company might look to leveraging wearables along the lines of Google's Glass. Mayer had apparently been in talks with Jawbone about a director's position prior to joining Yahoo back in July 2012, so AllThingsD reports, and has already attended at least one board meeting sources at the company claim.
Do you enjoy Saturday Night Live? If so, you're in good company, with Yahoo's CEO Marissa Mayer revealing in a blog post earlier today that she is also a fan. That's not all she revealed, however, expressing her fondness for the show amidst a bigger announcement: Yahoo has struck a deal with Broadway Video to exclusively offer Saturday Night Live content later this year.
In a move that will hopefully attract U.S. startups to the Land of the Rising Sun, Softbank Capital and Yahoo Japan have created a $20 million fund geared towards helping U.S startups, with a focus in mobile applications, e-commerce, and web advertising, get started in the Japanese market. The fund is designed to help out early-stage startups who still need to get their foot onto the ground. Alongside the new fund, Yahoo Japan has also assigned a new head of U.S operations, Toshiaki Chiku, who will be working out of Softbank's New York City location.
Google has been said to have acquired Wavii, a natural language processing startup. Wavii is a service that is said to operate the same way as Summly, the news app that was recently swiped up by Yahoo. Both services search for news stories from all around the web, and then create short summaries of the main points of these stories. While Summly gathers separate news articles, Wavii collects entire stories, and provides links to several different sources reporting on the story.
Yahoo has just appointed Tekedra N. Mawakana as its Deputy General Counsel and Vice President of Global Public Policy. Mawakana used to be the Senior Vice President of Pubic Policy and Deputy General Counsel at AOL, where she worked for around 12 years. At her new position, she will be working together with industry and government agencies to work on global governmental affairs and help develop policy initiatives.
This afternoon the folks at Yahoo have announced their intent to end services with Yahoo Deals, Yahoo SMS Alerts, Yahoo Kids, and the feature phone versions of Yahoo Mail and Messenger. While the smartphone versions of both Yahoo Messenger and Yahoo Mail will (of course) continue to roll forward, both the feature phone versions and legacy smartphone versions of these apps "will be going away", as Yahoo reports. This is all part of Yahoo's move into the mobile universe they've been vocal about this week more than once.