New Info For Yahoo Investors?

Discussion in 'General Business' started by jbgrantham, Jul 22, 2009.

  1. #1
    Along with a 13% revenue decline, Yahoo!
    Inc. (NASDAQ:YHOO) announced Street-beating profits Tuesday.
    Since CEO Carol Bartz took over, the company has cut jobs and shuttered Web sites such as GeoCities, which it acquired for $2.9 billion in 1999.
    Small Business and that Bartz is favoring strategic buyers over buyout shops.
    PeHUB cited a source familiar with the situation, saying Sunnyvale, Calif.
    is looking to avoid a future embarrassment -- "If a Warburg Pincus or a Spectrum Equity Investors buys HotJobs for $300 million and resells it for $500 million in two years, that's going to look pretty bad.
    Personals, which could fetch several hundred million dollars.
    IAC/InteractiveCorp (NASDAQ:IACI), which owns Match.com, said in April it was interested in an acquisition.
    Apparently, the Internet giant is in final stage negotiations to acquire Xoopit Inc., an e-mail productivity startup, for about $20 million.
    And multiple reports are saying an online search and ad deal with Microsoft Corp.
     
    jbgrantham, Jul 22, 2009 IP