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’TPG makes it fifteen for Yahoo
Breaking news on Thursday night/Friday morning: TPG Capital enters the fray for Yahoo.
Here’s more from the NYT:
The private equity firm TPG Capital has signed a nondisclosure agreement with Yahoo,
YahooSoft, a match made in 1997 heaven
It’s 2:59am and there’s nobody else left unpaired on the dancefloor:
Wednesday, October 05, 2011 2:45:37 PM RTRS – EXCLUSIVE-MICROSOFT CORP MSFT.O IS CONSIDERING A BID FOR YAHOO INC YHOO.O -SOURCES MSFT.O SILAK.UL YHOO.O
The resulting action:
That loud sucking sound is Facebook poaching your employees
Spotted on page 66 of Citigroup’s epic Tuesday report on “Social Media, E-payments & the new Digital Market”, a neat depiction of the talent war among some the big digital media firms:
(More
About those Yahoo buyout rumours
Shares in Yahoo are blazing in pre-market trading:
That’s $17.21 per share versus a Wednesday close of $15.25 per share …
…after the Wall Street Journal reported that several private equity companies are mulling bids:
Upbeat start to US earnings season
Corporate America issued a string of quarterly earnings results on Tuesday that exceeded Wall Street’s expectations and showed how big US companies have cut costs faster than revenues have fallen. But stocks fell back as investors focused on the lack of top-line improvement.
Yahoo renews vow to fight Microsoft
Yahoo showed on Monday that it intends to keep fighting Microsoft on multiple fronts, demonstrating improvements in the way it presents search results and other offerings. The rival companies announced an alliance last month aimed at competing with Google,
Microsoft and Yahoo on defensive
Microsoft and Yahoo were forced to mount a renewed defence of their search alliance on Thursday as investors continued to punish Yahoo’s price over the deal. Yahoo’s shares slid further on Thursday,
Microsoft and Yahoo seal deal
Yahoo on Wednesday agreed to hand control of its internet search technology to Microsoft in a deal that fell short of expectations. Yahoo shares slid 12% as analysts expressed doubts about the deal’s financial benefits and long-term impact on Yahoo.
Microsoft and Yahoo near deal
Microsoft and Yahoo are on the brink of sealing an online alliance that could create a more formidable rival to Google in the search business. The deal had yet to be formally concluded late on Tuesday but the major terms had been agreed in principle,
Apple crushes consensus, Yahoo middling
Yahoo, via Reuters:
* Q2 earnings per share $0.10
* Q2 revenue fell 13 percent to $1.57 billion
* Sees Q3 2009 revenue $1.45 billion to $1.55 billion
* Says marketing services
Yahoo ready to sell HotJobs
Yahoo is seeking buyers for its HotJobs employment site and could dispose of other businesses, highlighting the push by Carol Bartz to streamline operations just three months after taking over as CEO of the internet search firm.
Yahoo eyes ex-Vodafone chief Sarin
Arun Sarin, the former chief executive of Vodafone, is among those being considered by board members at Yahoo to take the top job at the internet firm, reports the WSJ. Yahoo’s directors are moving closer to a recommendation and have authorised checking references on a few key candidates,
Microsoft rules out Yahoo deal, but…
Microsoft chief executive Steve Ballmer ruled out an acquisition of Yahoo on Wednesday but said his company was interested in resuming talks on a web search partnership, reports Reuters. Yahoo shares fell 19% on the remarks,
After Yang: Yahoo gains on renewed hopes
Hopes that Yahoo’s plan to replace Jerry Yang as chief executive would clear the way for a deal with Microsoft lifted struggling internet company’s shares on Tuesday by nearly 9%. Yang, who was widely criticised by shareholders for failing to agree on terms for a Microsoft takeover this spring,
Yahoo chief to step down
Jerry Yang, co-founder of Yahoo, will step down from his position as Yahoo’s CEO as soon as a replacement has been appointed, the troubled internet company said Monday. The announcement of his departure,
Microsoft denies Yahoo interest
Software giant Microsoft on Friday dismissed speculation it might still be interested in a takeover of internet company Yahoo, reports Reuters. “We made an offer, we made another offer … We moved on,”
Google jilts Yahoo, abandons legal fight
Google has abandoned its search advertising partnership with Yahoo in the face of an antitrust lawsuit aimed at blocking the deal. The US Justice department had been reviewing the agreement, announced in June,
Yahoo board appoints Icahn nominees
Yahoo Inc said Thursday it had appointed former Viacom CEO Frank Biondi and former Nextel Partners CEO John Chapple to its board as part of a settlement with investor Carl Icahn, reports Reuters. Yahoo settled its proxy fight with Icahn ahead of its Aug 1 shareholder meeting.
Yahoo to appoint Biondi, Chapple
Yahoo Inc is in the process of approving the appointments of former Viacom Inc CEO Frank Biondi and former Nextel Partners CEO John Chapple to its board and is expected to name the appointees by Friday,
Calm descends as Yahoo proxy storm ends
Yahoo’s annual meeting convenes on Friday with Jerry Yang, chief executive, and his board secure in the knowledge they will be re-elected, but knowing they may have won only a temporary reprieve from disaffected investors.
Activist blogging?
We were waiting.
Activist investor Carl Icahn has posted his thoughts on the Yahoo proxy battle on his blog – the Icahn report. Unredacted, you can read them here.
The short version though, is that it seems,
Yahoo results reassure after bid battle
Yahoo on Tuesday said it had achieved solid Q2 results in a difficult economic environment. Despite a year-on-year drop in profits, and revenues falling short of Wall Street expectations, its shares traded higher in after-hours trading as it maintained its forecasts for the full year.
Yahoo buys time with Icahn ceasefire
Yahoo bought some breathing space on Monday in its long struggle to remain independent, agreeing a ceasefire with Carl Icahn in return for giving up three board seats to the activist investor. But some analysts warned that the pact would not end the fierce battle with Microsoft that has transfixed the consumer internet business for much of this year.
YahooCahn!
Capitulation?
*YAHOO IN PACT WITH CARL ICAHN TO SETTLE PENDING PROXY CONTEST
*CARL ICAHN TO BE APPOINTED TO YAHOO BOARD
*ICAHN TO WITHDRAW HIS NOMINEES FOR CONSIDERATION TO YAHOO BOARD
*ICAHN TO VOTE HIS SHARES IN SUPPORT OF THE BOARD’S NOMINEES
But from who?
Icahn’s fight against Yahoo’s board was,
Yahoo rejects Microsoft-Icahn offer
Yahoo said it had rejected an attempt by Microsoft and Carl Icahn, the activist investor, to replace its board immediately and buy its search business, condemning the joint move as an “odd and opportunistic alliance”.
Microsoft steps up battle over Yahoo board
Microsoft set the stage for a full-blown battle to overthrow Yahoo’s board of directors when it declared it was interested in reopening talks to buy all or part of the internet company – but only if a new board was appointed first.
Microsoft considers fresh run at Yahoo
Microsoft, positioning itself for a new run for Yahoo’s web search business, has approached other media companies in recent days about joining it in a deal that would effectively lead to Yahoo’s breakup,
[MoneyTech] NASDAQ, NYSE and the battle for (free) US financial data
Interesting nugget from Reuters (via @defrag): Nasdaq and the New York Stock Exchange (NYSE) now generate more revenue from selling market data than from equities trading. At Nasdaq, the market data accounts for 20 per cent of revenue,
Yahoo agrees deal with Google
Yahoo on Thursday sealed an alliance with search giant Google, leaving rival suitor Microsoft out in the cold as it seeks to revive its own flagging internet fortunes. The alliance between the two biggest web search companies,