Articles for Yahoo

Yahoo Axes 10 Mobile Apps as it Cleans House

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Monday, January 30th, 2012 by

As reported recently in its mobile blog, Yahoo (NASDAQ:YHOO) recently discontinued 10 of its mobile apps. Most of these apps like Meme were clearly under-performing, and it seems that Scott Thompson is aiming to revamp the site given the intense competition from Google (NASDAQ:GOOG) and Facebook.

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Yahoo’s Thompson Fails to Inspire, Revised to $17 Fair Value

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Friday, January 27th, 2012 by

Even with gross revenues declining by over 20% in 2011, Yahoo’s (NASDAQ:YHOO) Q4 2011 results were hardly a surprise, as the company completed a tumultuous year filled with leadership and investor squabbles. For now, CEO Scott Thompson has acknowledged that the company has to deliver more monetization on digital content in 2012, which is a must for Yahoo to stop its shrinking presence in the online ad space. For 2012, we expect relatively little focus on Yahoo’s search business, which has been left on auto-pilot, thanks to Microsoft (NASDAQ:MSFT).

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Jerry Yang’s Exit Shows Signs of Progress for Yahoo’s Board

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Wednesday, January 18th, 2012 by

Yahoo (NASDAQ:YHOO) co-founder Jerry Yang’s exit from the company may just be the beginning of a long-anticipated overhaul of Yahoo’s board, and early reports are suggesting that four other board members, including Roy Bostock, could be next in line. The board had gained unwanted attention among investors as being largely unable to turn the company around, amid competition from Google (NASDAQ:GOOG) and Facebook.

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Yahoo’s Yang Steps Down, All Eyes on Earnings Announcement Next Week

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Wednesday, January 18th, 2012 by

Yahoo (NASDAQ:YHOO) is full of surprises as co-founder Jerry Yang said he is stepping down from Yahoo’s board in addition to the resigning from the boards of Alibaba and Yahoo Japan. While the reasons are unclear, this may make it easier for the new CEO, Scott Thompson, to start fresh in his attempts to turn the company around. This announcement comes as earnings are scheduled for next week and so investors will watch keenly for updates on its strategy going forward and plans to sell its Asian assets. Google (NASDAQ:GOOG) also plans to announce fourth quarter and full-year 2011 later this week.
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With New CEO, Minority Stake Sale Less Likely for Yahoo

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Friday, January 6th, 2012 by

Shareholders greeted Yahoo’s (NASDAQ:YHOO) CEO appointment with caution as the company’s shares slid by around 3%. It’s clear that investors are not looking for a company turnaround anymore and want a quick resolution to the bidding process. However, shareholders might still be hoping that freshly appointed CEO Scott Thompson would still be in favor of unloading Yahoo’s Asian assets.

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Alibaba Hopes New Yahoo CEO & Lobbying Support Can Expedite Deal

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Wednesday, January 4th, 2012 by

With a majority of its operations in China, Alibaba is well aware that its bid for Yahoo (NASDAQ:YHOO) will invite intense scrutiny from the U.S. government. A recent example is Baidu (NASDAQ:BIDU), which until recently was on the U.S. “notorious markets” list. Consequently, the Chinese e-commerce giant has hired the lobbying firm Duberstein, which could help in overcoming regulatory hurdles that might derail its plans to buyback a significant stake in its own business from Yahoo.

With Yahoo’s new CEO at the helm, this could help potentially close a deal more quickly assuming that Yahoo’s board and new CEO are still in favor of selling its stake in Alibaba and other Asian assets. This could also give regulators greater confidence in Yahoo’s ability to remain a viable ongoing business.

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Yahoo Updates: Unloading Asian Assets Could Buy Time for Turnaround

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Friday, December 23rd, 2011 by

In a decision that was long awaited, Yahoo (NASDAQ:YHOO) may be reconsidering a deal to unload a majority of its Asian assets, including Alibaba and Yahoo Japan. If the deal comes through, the cash paid out to shareholders (as either a dividend or a share buyback) would help in allaying investor concerns to an extent. We expect this to provide a time cushion to Yahoo, when it can revisit better terms for selling stakes in its core business, which has already seen bids from the likes of Silver Lake and Microsoft (NASDAQ:MSFT), or finding a new CEO to lead its turnaround.

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Yahoo’s Asian Asset Sale Looks Inevitable, Outlook Still Murky

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Friday, December 23rd, 2011 by

Yesterday Yahoo (NASDAQ:YHOO) announced that it would retain control of the company but sell Asian assets in an asset swap transaction that will provide Yahoo with a cash injection, but this does little to allay investor concerns about the company’s ability to turn itself around and become more competitive. Recent moves like its recent integration with Facebook that includes 26 of its web properties help, but market share is slipping and shareholders are getting increasingly impatient.

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Yahoo Updates: Board Not Yet Satisfied With Bids, Sued Over Bidding Restrictions

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Thursday, December 8th, 2011 by

Yahoo’s (NASDAQ:YHOO) board is treading its path very carefully. As the Wall Street Journal reports, the company has requested prospective buyers to provide better terms than what was offered last week. Even as the board weighs its options, a Yahoo shareholder has sued the company over the nature of its bidding process, claiming that the non-disclosure agreement (NDA) places many restrictions on bidders and is anti-competitive. With both Google (NASDAQ:GOOG) and Facebook edging the company out in search and display advertising, the more Yahoo malingers, the more it and shareholders will suffer.

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Initial Bids Seen For Minority Stake in Yahoo, Fair Value is $17

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Wednesday, November 30th, 2011 by

With private-equity firm Silver Lake along with Microsoft (NASDAQ:MSFT) bidding $16.60 per share for a roughly 20% stake in Yahoo (NASDAQ:YHOO), the company seems to be shaking off the prospects of a complete takeover for now. Having said that, Alibaba’s interest in Yahoo has not diminished just yet, and the former would be on the look-out for a complete buyout if Yahoo does not deem the minority bids sufficient.

See our full analysis for Yahoo’s stock here

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