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Yahoo shortlists 10 bidders; cash deal seenYahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with th More… |
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Activist investor buys key stake in Yahoo, urges AOL mergerActivist investor Starboard Value LP said it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL. Starboard, the second activist investor to target Yahoo in the las More… |
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AOL sees $20bn opportunity in quality gap on WebNewly independent Internet company AOL is selectively hiring journalists and engineers after cutting a third of its workforce as it tries to reshape itself as a leading provider of quality Web content. AOL, which was spun off from Time War More… |
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Yahoo offer fair, says MicrosoftMicrosoft Corporation believes it has made a fair offer to acquire Yahoo, its chief operating officer said on Friday. "We believe we have made a very fair offer to Yahoo. Now it is up to the Yahoo board to decide," Kevin Turner told report More… |
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Web icon to be discontinuedThe browser that helped kick-start the commercial web is to cease development because of lack of users. Netscape Navigator, now owned by AOL, will no longer be supported after February 1, the company has said. In the mid-1990s the More… |
AOL to cut 2,000 jobsTime Warner's Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo. The cuts, which begin on Tuesday, amount to about one-fifth of AOL's global More… |
