News and Articles About Yahoo
The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains access to Yahoo's ad technology tools.
In the formative years of the web, Yahoo was the biggest, richest internet upstart in Silicon Valley, and it incubated a generation of executives.
Yahoo Inc.'s quarterly earnings fell short of Wall Street expectations on Monday.
'Each of our search partnerships is the result of a competitive process reflective of the value that Firefox brings to the ecosystem. The Yahoo relationship is no different.'
The biggest U.S. wireless carrier is seeking to challenge the second largest U.S. wireless provider in the third round of bidding.
No committed financing was required for second-round bids, and Yahoo will assemble in the coming days a new shortlist of bidders from which it will solicit binding offers.
The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology.
Yahoo is expected to hold at least one more round of bidding, and the offers could change by the final round, the paper reported.
A news report, citing sources close to the talks, said execs at the two firms had met several weeks ago and had spent several hours looking at whether a strategic combination might make sense.
Bidders include frontrunner Verizon, inventor Dan Gilbert (backed by Warren Buffett), TPG, and a consortium that includes Bain Capital and former Yahoo CEO Ross Levinsohn.
He also offered to help finance a deal to acquire Yahoo.
The deal had been in place for 15 years.
Radicals & Visionaries
Following the kick off for Season 6, we're taking a look at the following entrepreneurs cast as your favorite 'Game of Thrones' characters.
Look back at over two decades of turmoil at a company that once sat atop the World Wed Web, and weep.