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Yahoo is in talks to use part of its war chest from selling down its stake in Alibaba to invest in photo messaging app Snapchat. The start-up, which was launched in 2011 by three Stanford University students, is in the process of raising a new round of investment valuing it at around $10bn (£6bn). Yahoo [...]
AOL's share price jumped six per cent today after an activist investor told Yahoo chief Marissa Mayer that the troubled US media company should buy it. In a letter to Mayer, Starboard, which specialises in investing in undervalued and under-performing companies, and is a significant shareholder in Yahoo, said combining with AOL offered opportunities that [...]
Struggling internet titan Yahoo took another blow yesterday, reporting a three per cent fall in revenues, driven by a slump in adverts. The price of adverts has dived 24 per cent, contributing to a fall in overall revenues to $1bn (£583m), down three per cent on the year. To compensate for the poor performance the [...]
US MEDIA giant Yahoo yesterday bought Blink, a mobile messaging startup that lets users send self-destructing messages similar to Snapchat. Blink launched in April 2013 and said it would now shut down its iOS and Android apps in coming weeks after the acquisition closed. Yahoo’s chief executive Marissa Mayer has been on an acquisition spree [...]
STRUGGLING internet icon Yahoo last night reported sluggish revenue growth for the first quarter of 2014. But its shares were boosted by strong revenues at Alibaba, a Chinese firm in which Yahoo has a 24 per cent stake. Yahoo’s revenues edged up one per cent to $1.09bn (£652m) but net income fell 25 per cent [...]
Investors are proving just how excited they are about the news that Alibaba, the Chinese e-commerce giant, is heading for a market debut. Yahoo shares rose over four per cent at the opening bell, and leapt almost six per cent in pre-market trading today. That’s no surprise: Yahoo owns a 24 per cent stake in [...]
NICK D’Aloisio, the 18-year-old who sold his Summly app to Yahoo last year for $30m (£18m), yesterday launched Yahoo News Digest for the UK. News Digest, described by D’Aloisio as providing a “definitive summary of all the need-to-know news”, is designed to curate and summarise the top news stories of the day from multiple sources [...]
SHARES in internet company Yahoo fell by six per cent in after-hours trading last night, despite a fall in revenue that beat many analysts’ forecasts. The company reported fourth-quarter revenue of $1.266bn (£763.2m), compared to $1.346bn in the same quarter a year before. Yahoo said that revenue from display advertising was down six per cent [...]
YAHOO chief executive Marissa Mayer scored a coup over her former employer Google yesterday, after new figures showed its web services pulled in more visitors than Google for the first time in more than two years. A total of 196.6m unique users visited Yahoo sites last month, pushing it ahead of Google which attracted 192.2m [...]
Internet firm Yahoo this weekend angrily rejected an audacious proposal to sell its search business to software giant Microsoft and hand control of the rest of the company to shareholder Carl Icahn. Icahn and Microsoft chief executive Steve Ballmer are pressurising Yahoo in a desperate bid to oust the board and to remove chief executive [...]
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