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Yahoo Appoints Mike Kail as Chief Information Officer

Yahoo! Inc. (NASDAQ: YHOO) announced that Mike Kail has joined the company as CIO and SVP, Infrastructure.  In this role, Mike will lead Yahoo’s IT and data center operations, reporting to CEO Marissa Mayer. Kail brings more than 23 years of IT Operations experience, with a focus on highly scalable architectures, to Yahoo. Most recently, he served as VP of ... Read More »

Yahoo Buying Startup Flurry for More Than $300 Million

Yahoo! Inc. (YHOO) is adding to its mobile lineup with the acquisition of analytics company Flurry Inc. Yahoo is paying more than $300 million for the San Francisco-based startup, according to people with knowledge of the matter, who asked not to be identified because the talks were private. Flurry analyzes data from smartphone users so developers can better understand their audiences, ... Read More »

Yahoo Partners With Yelp To Bring Local Data To Its Search Tools

Yahoo announced that it has partnered with Yelp to bring local data into its search experience, both mobile and desktop. The deal will see traditional Yelp information, such as ratings and user photos piped into Yahoo. Yahoo is no longer a company known for its search products, having long-ago ceded its search technology to Microsoft, but the company does command a slice ... Read More »

Yahoo!7 and Inivio (Veda) in Data Partnership

Yahoo!7 and Inivio, the marketing services division of Veda, announced a new commercial partnership in Australia. The partnership will see Yahoo!7 leverage Veda’s extensive offline data through Inivio to deliver highly targeted, effective online advertising to consumers. Yahoo!7 will leverage its existing online data, addressable audience and targeting expertise with Inivio’s consumer insights from around 95% of the population.  Collaboratively, ... Read More »

Yahoo & Yelp In Partnership Deal

Various news sources have reported Yahoo has set its sights on Yelp.   The partnership will incorporate Yelp’s listings and reviews of local businesses into results on Yahoo’s search engine.  The new feature will be made available in the coming weeks. Ms. Mayer has led an overhaul of search technology at Yahoo as she tries to turn around the once-dominant Internet ... Read More »

Yahoo Acquires Incredible Labs – Shuts Down Donna

Incredible Labs has entered into an agreement to be acquired by Yahoo.   Upon closing, the Incredible Labs team will be joining Yahoo and working with some incredibly talented people, or in the case of some people of Incredible Labs will be returning to a company they know and love. The transaction, which is subject to customary closing conditions, is expected ... Read More »

US Government Reaches Data Deal with High Tech Companies

According to the Financial Times the Obama administration has reached an agreement with leading technology companies that allows them to give customers more details about the online data collected by government agencies. Under the agreement, which comes after several internet companies launched a lawsuit calling for more transparency, the groups will be able to say how many information requests they receive ... Read More »

High Tech Companies Join Forces to Limit Government Surveillance

According to Reuters U.S. high tech companies have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance. The companies — Google Inc, Microsoft Corp , Apple Inc, Facebook Inc, Twitter , LinkedIn Corp, Yahoo Inc and AOL Inc — issued an open letter to U.S. President Barack Obama and Congress to bring in reforms and restrictions on surveillance activities.  ... Read More »

Yahoo to Keep Larger Stake in Alibaba after its IPO

Yahoo stated it will keep a larger stake in Alibaba Group Holding Ltd than originally planned after it goes public, hoping to profit from the Chinese e-commerce company’s future growth. Founded by billionaire Jack Ma, Alibaba is expected to file for an estimated $15 billion IPO in 2014, valuing the operator of retail, auction and content websites at more than ... Read More »

Yahoo! Buys Beijing-Based Social Media Analyst Ztelic

Yahoo! has acquired Beijing-based social media analysis firm Ztelic, aiming to boost its R&D efforts in China. Terms of the deal were not disclosed. Ztelic’s team has developed a software product for analyzing and monitoring activity across social networks.  Yahoo! said in a statement that it has acquired the company for its engineering talent, comprising eight developers and engineers, along ... Read More »

Yahoo Acquires Tumblr for $1.1bn

Yahoo Inc. is buying online blogging forum Tumblr for $1.1 billion.  The deal announced Monday represents Mayer’s boldest move yet since she left Google 10 months ago to lead Yahoo’s latest comeback attempt.  It marks Yahoo’s most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock. Yahoo ... Read More »

Yellow Pages, Yahoo! Canada Expand Six-Year Partnership

Yellow Pages Group and Yahoo! Canada today announced they have expanded their six-year partnership to provide Yahoo! Canada users with an enhanced local search experience. Yahoo! Canada users can get better, faster access to local search results, as well as details on local businesses including hours of operations, photos, videos, ratings and reviews – providing an improved experience for users ... Read More »

Yahoo: How to Spend US$ 6.2bn?

Yahoo sold half of its holdings in Alibaba for about $7.6 billion.  Yahoo received approximately US$6.3 billion in cash and US$800 million in preference shares in Alibaba Group.  Concurrent with the initial repurchase, Alibaba Group paid Yahoo a one-time cash payment of US$550 million in connection with the amendment of their existing technology and intellectual property license agreement. After taxes, ... Read More »

Alibaba Buys Half Of Yahoo’s Stake

Alibaba Group has completed the initial repurchase of shares from Yahoo for about $7.6 billion.  The closing follows the May 20, 2012 announcement by Alibaba Group and Yahoo of a plan for Yahoo to reduce its stake in Alibaba Group in stages over time and a series of agreements to implement the restructuring of the ongoing relationship between the two ... Read More »

Alibaba-Yahoo Deal In the Making

The Alibaba Group will pay its key shareholder, U.S.-based Yahoo! Inc., US$7.6 billion to buy back a 20% stake in the company as a result of the agreement reached in May this year. Yahoo is expected to receive US$7.1 billion as soon as next week, as well as a US$550 million payment related to the ending of annual licensing fees ... Read More »

Marissa Mayer Named Yahoo CEO

Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years. It is a remarkable appointment: Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google’s earliest employees and was most recently responsible for its mapping, local and location services. Mayer, 37, began her career at Google in 1999 after getting ... Read More »

Yahoo Confirms Theft of 450,000 Users’ Passwords

LONDON (AP) — Some 450,000 Yahoo users’ email addresses and passwords have been leaked because of a security breach,  Yahoo confirmed Thursday, adding that just a small fraction of the stolen passwords were valid. The company said in a statement that an “old file” from the Yahoo Contributor Network was compromised Wednesday.  Among the stolen emails and passwords were many ... Read More »

Alibaba and Yahoo Agree On Buy-out Deal

Alibaba will buy back half of Yahoo’s 40 per cent stake for a minimum of $7.1bn, a figure pegged to Alibaba’s most recent fundraising valuation of $35bn. Yahoo will receive $6.3bn in cash and up to $800m in newly issued Alibaba preferred stock. To finance the deal Alibaba will raise a mix of debt and equity capital. If the new ... Read More »