Yahoo Plucks Up Video Chat Company
Yahoo today announced that it has acquired OnTheAir for an undisclosed sum. OnTheAir is a small start-up that launched its own video chatting service earlier this year. Yahoo said OnTheAir's small staff of five employees will be added to its mobile products and services group. The acquisition is the second led by CEO Marissa Meyer, a former Google executive, who has committed to shoring up Yahoo's mobile business.
Yahoo Expected to Announce Restructuring
Yahoo will unveil a plan to cut costs on Tuesday, reports the Wall Street Journal, which will include closing select business units and further trimming its workforce. Yahoo CEO Marissa Meyer and CFO Ken Goldman will discuss the plans after announcing the company's fourth quarter results.
Verizon Closes Yahoo Acquisition, Launches Oath
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath.
Yahoo Improves Search In Mobile Browsers
Yahoo today said it has refreshed how it displays mobile search results in a way that will help people find what they're looking for quicker. Yahoo explains that rather than offer lists of links, the new search presents results — including images, videos, news, and other details — prominently in a way that's more useful.
Yahoo Pitches Reverse Spinoff to Investors
Yahoo today said that rather than divest its financial interests in Alibaba, the company will separate Yahoo from Alibaba in a reverse spinoff. The company's board has been contemplating its future and decided that selling the core Yahoo internet business is the best path forward.
Yahoo to Sunset Yet More Products, Intro IMAP Email
Yahoo today indicated the company is taking steps to further reduce the number of products and services it offers. Most of the cutbacks announced by Yahoo today affect localized web sites in South America, Europe, Africa, and the Asia-Pacific region.