San Francisco: Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalise its brand and attract a younger generation of users. Yahoo has been criticised for making big acquisitions that have not always reaped lasting returns.
Under CEO Marissa Mayer, the Internet search company has snapped up numerous small startups in recent months, hoping to gain an edge in mobile, bring new talent on board and improve existing services.
Here are notable acquisitions since the heyday of the first dotcom boom:
Geocities: In 1999, Yahoo bought Geocities - a free service that hosted personal home pages for consumers and once ranked among the most-trafficked websites - for $4 billion-plus. Yahoo pulled the plug on the site in 2009, making the purchase one of the company's most glaring acquisition failures....
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02:22 PM, May 21, 2013
New Delhi: Not only Yahoo confirmed the acquisition of Tumblr, but the company also revamped its photo-sharing service Flickr on Monday - thereby offering its users 1 terabyte online storage for free. During the Flick press event on Monday, Yahoo CEO Marissa Mayer was asked about the restricted content on Tumblr and she unhesitatingly responded that the company has no plans to restrict controversial material, which means that Tumblr's porn...
12:20 PM, May 21, 2013
New York: Fresh on the heels of its $1.1 billion acquisition of Tumblr, Yahoo says it is rebooting its languishing photo-sharing site Flickr with plans to make it "awesome" again. Yahoo Inc. said at an event in New York City's Times Square on Monday that it is now offering users 1 terabyte of online storage for free. One terabyte is 1,024 gigabytes - enough to store more than 500,000 images...
09:43 AM, May 21, 2013
San Francisco: Yahoo has agreed to pay $1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions in 2013. Valuation is based on Dealogic's criteria and includes debt. 1. Dell Inc., to Silver Lake Management LLC (original bid), Feb. 5, 2013, $20.7 billion for 85...
09:35 AM, May 21, 2013
San Francisco: After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and...
09:25 AM, May 21, 2013
New York: As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology. A few years later, Karp built Tumblr - the wildly popular blogging forum - from his tiny childhood...
06:27 AM, May 21, 2013
San Francisco: Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. The combination...
05:25 AM, May 21, 2013
San Francisco: Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, California, company bought Overture for $1.3 billion a decade ago. Tumblr...
05:54 PM, May 20, 2013
New Delhi: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash. This is new Yahoo CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. 10 facts about Tumblr: 1. 26-year-old David Karp is Tumblr's founder and CEO. 2. Tubmlr was launched in February 2007. 3. The company has 175 employees. 4. Tumblr...
07:31 AM, May 20, 2013
San Francisco: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user base would bolster the...
06:55 AM, May 20, 2013
New York: Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif, company's board of directors will meet on Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the...
11:50 PM, May 19, 2013
Bangalore: Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been "leaked" and it detected an unauthorised attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported. The leaked information does not include passwords and data necessary for identity verification to reset passwords, the agency said. The company detected the access attempt...
02:51 PM, May 18, 2013
New York: Yahoo CEO Marissa Mayer is promising to unveil "something special" on Monday in New York as she tries to attract more traffic and advertising to the Internet company. The Sunnyvale, California, company gave no further details Friday other than that Mayer will be discussing a product. Reporters are being invited to attend the 5 p.m. event at a lounge located in New York's Times Square. Mayer has been...
11:10 AM, May 18, 2013
New York: Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, California, company's board of directors will meet Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the technology...
10:43 AM, May 18, 2013
New Delhi: The Ministry of Home Affairs told a Delhi court that the US authorities are unable to "execute" the request for assistance in serving summons to 11 US-based websites, including Facebook and Google, accused of promoting class enmity and undermining national integrity. The MHA told Metropolitan Magistrate Jay Thareja that they have received a communication dated March 20, 2013 from the US Department of Justice according to which they...
07:29 PM, May 03, 2013
San Francisco: Yahoo Inc has increased the amount of paid leave new parents can take, bringing the Internet company closer to the policies of some of its Silicon Valley peers from which it hopes to lure engineers. The new policy marks the latest move by Chief Executive Marissa Mayer, who had her first child two months after taking over in July, to revamp the struggling Internet company. The 37-year old...
10:10 AM, May 01, 2013
New York: Yahoo's latest slate of original programming is led by Ed Helms as a 4-inch-tall crime fighter. "Tiny Commando," created by the "The Office" star, was unveiled Monday night in a presentation by Yahoo to advertisers in New York. It stars Helms, along with Zachary Levi, of "Chuck," and Gillian Jacobs, of "Community." Following in Netflix's footsteps, Yahoo will simultaneously release all episodes of "Tiny Commando" and other comedy...
10:38 AM, Apr 30, 2013
Yahoo Inc Chairman Fred Amoroso is resigning effective immediately, the struggling Internet company announced on Thursday. Amoroso will be replaced in the chairman role by director Maynard Webb Jr on an interim basis until the company's annual shareholder meeting on June 25. Amoroso, a former IBM Corp executive, will remain on the board of directors until the meeting, Yahoo said. In a statement on Thursday, Amoroso said he had informed...
04:26 AM, Apr 26, 2013
San Francisco: Google Inc has acquired Wavii, the Seattle-based startup behind a news summarisation app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday. Google's successful bid came after Apple Inc had expressed interest in buying Wavii to incorporate the startup's natural language technology into Siri, Apple's voice-activated personal assistant feature, said the person, who declined to be named because the deal has not...
08:25 AM, Apr 24, 2013
San Francisco: Yahoo's email service in China will close this summer as part of an arrangement worked out with its partner in that country, Alibaba Group. The service is scheduled to close August 19. Yahoo is recommending users of its free email service in China transfer their accounts to another provider such as Aliyun, an email alternative offered by Alibaba. Yahoo Inc., based in Sunnyvale, California, has been phasing out...
10:04 AM, Apr 23, 2013
