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Yahoo! Searching for Answers After Google Walks Away from Ad Deal
It’s got to be frustrating for Jerry Yang.
The 40-year-old co-founder and CEO of Yahoo! Inc. (YHOO) is sitting on top of the world’s most popular web site, yet he can’t compete with Google Inc.’s (GOOG) more effective search-engine advertising machine.
Google rubbed more sand in Yang’s eyes Wednesday when it walked away from a plan announced in June to sell advertisements on Yahoo’s pages after the Justice Department threatened to block the deal on antitrust grounds.
Google already has more than 70% of the search-engine driven advertising market. Yahoo has about 10%, according to BusinessWeek.
For Yang, it was a…
7Nov2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Icahn’s Yahoo Victory; XM Gains Listeners; Gloomy Economic Outlook; Crude Gains on Tropical/Political Storms; Hasbro Beats Expectations; Corn Cut Down; Goldman Banker Summoned by Paulson; Union Asks Citi to Break Up Operations
Yahoo! Inc. (YHOO) agreed to give three spots on its board of directors to activist investor Carl Icahn, a vocal opponent of the way current Yahoo management handled a buyout offer from Microsoft Corp. (MSFT). Icahn will fill one board spot himself, while the Yahoo board will select from Icahn’s pre-approved list of nine potential candidates to fill the other two spots, Bloomberg News reported.
XM Satellite Radio Holdings Inc. (XMSR) yesterday…
22Jul2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Oil Over $143; GM Falls to 54-year Low; Starbucks Closes 600 Stores; Nikkei Post 10th Straight Loss; United Health Lands in the Emergency Ward; 900 American Flight Attendants on Standby; Blockbuster Abandons Bid; Microsoft at it Again;
Crude futures closed yesterday (Wednesday) at a record $143.57 a barrel in New York after the U.S. Department of Energy announced a 2 million barrel decline in supply last week. Earlier, crude had traded for as high as $143.91 on Globex, MarketWatch reported.
Shares of General Motors Corp. (GM) plunged Wednesday to their lowest level in 54 years yesterday (Wednesday), as investors shrugged off better-than-expected…
3Jul2008 | Money Morning | Comments Off | ContinuedWhat’s Next For Microsoft and Yahoo?
Shares of Yahoo! Inc. (YHOO) tumbled 15% yesterday (Monday) to close at $24.37 a share as investors responded to Saturday’s news that Microsoft Corp. (MSFT) would drop its $47.5 billion dollar bid for the beleaguered search engine firm.
But the tough times are just beginning for Yahoo, which must now prove why it is worth more than the lofty price Microsoft was offering.
“Yahoo is going to be under a lot of pressure,” Peter Falvey, managing director at technology-merger adviser Revolution Partners, told Bloomberg News. “A lot of shareholders are going to say, ‘Hmm, maybe we overreached.’”
Microsoft originally offered $31 per…
6May2008 | Money Morning | Comments Off | Continued
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