After rejecting Microsoft’s bid, Yahoo is working with News Corp. on a possible merger. Microsoft bid $41.6M for Yahoo recently.
Speculators believe Yahoo is trying to increase the bid from Microsoft. Yahoo simply states the deal was too low. Either way, Yahoo is likely to receive more money unless a hostile takeover strategy is implemented by [...]
Continue reading about Yahoo Now Exploring Deal with News Corp.
Falling earnings and the weak economy are taking their toll on internet search giant Yahoo. The company reported a 23 percent drop in fourth quarter profits over the previous year’s results. For the full year profits were down 12 percent. Yahoo also gave a mild outlook for 2008. CEO Jerry Yang is confident of better [...]
