Yahoo

Yahoo’s Board Rejects Plan to Spin off Its Stake in Alibaba

Yahoo’s Board Rejects Plan to Spin off Its Stake in AlibabaYahoo's $31 billion stake in Alibaba helps the company to maintain a market value of more than $32 billion.

On Wednesday, Yahoo's board of directors shelved the plans of spinning off Alibaba shares and creating a new company, which is the cash cow of the Yahoo.

Yahoo reportedly mulling plans to scrap Alibaba spinoff

Yahoo reportedly mulling plans to scrap Alibaba spinoffStruggling Internet search giant Yahoo Inc. is mulling plans to scrap long-planned spinoff of its stake in Chinese e-commerce firm Alibaba Group Holding Ltd., people familiar with the matter revealed.

Yahoo Inc’s First Quarter Profits Fail to Match the Analysts’ Expectations

Yahoo Inc’s First Quarter Profits Fail to Match the Analysts’ ExpectationsOn Tuesday, Yahoo Inc. reported its first quarter profits which dropped along with the quarterly revenue and failed to keep up with the analysts' expectations. The plunge is attributed to the lower prices for advert display and also the stock related compensation expense along with charges that were incurred for restructuring.

Rumors Say Yahoo May Acquire Foursquare for $900 Million

Rumors Say Yahoo May Acquire Foursquare for $900 MillionRumors are in the air that Yahoo Inc. is looking forward to acquire Foursquare in a $900 million deal. On Wednesday, speculations were high as Tech Crunch, says that the deal is almost decided with just a few last minute details that the two companies are working out mutually.

Yahoo Shuttering Operations in China

Yahoo Shuttering Operations in ChinaReportedly, Yahoo is saying adios to China and will be closing its last operations in Beijing. That would result in about three hundred job losses.

On Wednesday, the company said it will close its only location in china which is its research centre located in Beijing and will be shifting few of those tasks to its U. S offices.

Starboard Reveals Stakes in Yahoo and AOL

Starboard Reveals Stakes in Yahoo and AOLStarboard Value LP, the activist investor urging a merger between Yahoo and AOL to merge, has stated that it owns shares not only in Yahoo but also in AOL.

Starboard disclosed that it owns a stake of 7.7 million share in Yahoo and a share stake of 1.9 million in AOL. According to Thomson Reuter's data this transpires to be 0.8 percent stake in Yahoo and 2.5 percent in AOL.

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