LoginMy Member Benefitsarchivesresearchyour teamabout usFAQLog out
×
Share
Access Your Profit Alerts

yahoo news

Article Index

Yahoo Stock Price Today Climbs After Latest Buyout Bid

By , Associate Editor, Money Morning -

yahoo stock

The Yahoo stock price today is climbing after a long list of potential suitors for the Internet company was revealed.

Verizon appears to be the front-runner, but Google, Time, and several equity funds are interested in taking over the company.

Yahoo recently revealed to the bidders it expects revenue to drop 15% in 2016, so why would any of these companies want to buy it? Here's everything you need to know...

The Real Reason Yahoo Purchased Blink, and What That Means for YHOO Stock

By , Associate Editor, Money Morning • @KyleAndersonMM -

YHOO stock

Yesterday, Yahoo Inc. (Nasdaq: YHOO) acquired Blink, a mobile-messaging app that allows users to send texts, pictures, and videos that self-destruct after an allotted period of time.

The acquisition fits into Yahoo's trend of buying small mobile companies in hopes of further strengthening its share of the mobile market.

Yahoo and CEO Marissa Mayer better hope that this strategy pays off, because if it fails YHOO stock could be in serious trouble…

Yahoo's New CEO: The One Thing Scott Thompson Needs to Do

By , Associate Editor, Money Morning -

Four months after chief executive Carol Bartz was let go, Yahoo Inc. (Nasdaq: YHOO) appointed new CEO Scott Thompson to salvage the sinking Internet company and do something Bartz couldn't - win shareholder support.

Thompson, most recently president of eBay Inc.'s (Nasdaq: EBAY) PayPal unit, is taking over the lead role. Yahoo is in dire need of new strategies to increase site traffic and attract advertisers if it hopes to defend against increasing competition from tech giants Google Inc. (Nasdaq: GOOG) and Facebook Inc.

Shareholders were frustrated with the decision, however, since they were pushing for the struggling Yahoo to sell.

"It's probably a slight negative because I think the best outcome for Yahoo would be an all out takeover by Microsoft," Brett Harriss, an analyst at Gabelli & Co., told Bloomberg News. "Hiring a new CEO makes the sale of the whole company unlikely."

Thompson is the company's fourth CEO in five years. Now the pressure's on him to win over shareholders and inspire investor confidence before the share price plunges.

Read More…

Three Reasons Yahoo Inc. (Nasdaq: YHOO) Could Rally Without Co-Founder Jerry Yang

By , Associate Editor, Money Morning -

Seventeen years after starting one of the first Internet content companies, Yahoo Inc. (Nasdaq: YHOO) co-founder Jerry Yang resigned yesterday (Tuesday) - giving Yahoo a fighting chance of rising from its dismal decline in the tech world.

The departure of co-founder Yang, who also served as CEO from June 2007 to January 2009, marks the latest casualty as Yahoo strives to compete against more modern tech companies. Yahoo two weeks ago announced it had chosen a new chief executive officer - Scott Thompson, most recently president of eBay Inc. (Nasdaq: EBAY).

Shareholders have been pushing for Yang's exit as search leader Google Inc. (Nasdaq: GOOG) and social media giant Facebook Inc. have dominated markets in which Yahoo failed to gain traction.

Still, Yang's decision was a surprise because of his deep personal attachment to the company.

"Jerry's thrown in the towel," Colin Gillis, a BGC Partners analyst, told Bloomberg News. "He founded the company - this is his baby."



Click here to continue reading...

    Today's Markets
    DJIA 369.21 (1.44%) 26,075.30
    NASDAQ 69.69 (0.66%) 10,617.44
    S&P 32.99 (1.05%) 3,185.04