The AP published a story on Friday about the reportedly happy integration of one of Microsoft's acquired companies, Tellme, bought for about $800 million 10 months ago. Or maybe it is more accurate to say the happy NOT integration. Tellme makes voice automation software used by directory assistance and other voice-controlled services.
On Tuesday, Yahoo plans to introduce a service called Buzz that relies on users to help it compile the most popular articles from around the Web. Yahoo plans to include some of those on its front page, hoping to attract more users and turn it into a hub for driving traffic to other publishers.
DOVER, Del. (AP) — Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp.
The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit's police and fire retirement system and general retirement system, as well as "all other similarly situated public shareholders."
Yicrosoft Directory has found the exclusive email that Kevin Johnson sent on Feb 22nd 2008 concerning Yicrosoft Directory.
From: Kevin Johnson
Sent: Friday, February 22, 2008 12:48 PM
To: Platforms & Services Division
Subject: Update on Yahoo! Proposal
I want to provide all employees in the Platforms & Services Division with an update on our February 1 proposal to combine with Yahoo!, and answer a few common questions that have been asked.
As we’ve discussed, the online advertising industry is growing rapidly and is expected to be an $80B industry by 2010. We believe our proposal is a compelling one and that the combination of Yahoo! and Microsoft creates a more credible alternative to an increasingly dominant player in the advertising industry. We are committed to building great services for consumers while delivering great value to advertisers and publishers. We have been very thoughtful about this combination, and are excited about what our two companies can do together to collectively target growth opportunities in online services, search, and advertising.
It is important to remember that, while we have made what we believe to be a very compelling proposal for Yahoo! shareholders and employees, we do not have an agreement in place with Yahoo! at this time. While Yahoo!’s Board and management consider our proposal, let me share a perspective on the process going forward:
While Yahoo! has issued a press release rejecting our proposal, we continue to believe we have a full and fair proposal on the table. We look forward to a constructive dialogue with Yahoo!’s Board, management, shareholders, and employees on the value of this combination and its strategic and financial merits.
YICROSOFT DIRECTORY BREAKING NEWS: Microsoft MSFT can use a proxy fight to replace Yahoo (NASDAQ:YHOO) YHOO board members in an effort to push through its previously rejected bid to acquire the company, but analysts expect the two sides will eventually reach an agreement much sooner -- and on far friendlier terms.
Microsoft Corp. plans to intensify its pursuit of Yahoo Inc. this week when it authorizes a proxy fight to oust Yahoo's board, meaning the 19-day-old acquisition attempt will soon turn a darker shade of ugly, according to The New York Times.
Yahoo acquires Maven Networks Inc. for $160 million.
Yahoo bought Maven Networks Inc. for about $160 million to expand its footprint in the fast-growing online video advertising market, one of the battlegrounds with Google Inc. and other rivals.
Yahoo declined to say whether it paid in cash or stock.
Analysts are still betting that Microsoft will succeed in its quest to buy Yahoo but expect the corporate mating dance to last a few more weeks. They predict that Microsoft eventually will increase its $31-a-share offer.