Bing may not be making any money for Microsoft but it seems to be doing wonders for Yahoo. Bloomberg reports that Microsoft’s payouts to Yahoo in exchange for using Bing as its search engine accounted for 31% of its revenue last quarter, a surprisingly high number given that Yahoo before would only say that the Bing payouts accounted for more than 10% of its revenue. The 31% of revenue figure is also surprising because of a report we read in The Wall Street Journal earlier this year that claimed Yahoo CEO Marissa Mayer was itching to back out of the Bing deal because “Yahoo’s revenue per search has been worse under the Microsoft deal than when it operated its own Web-search technology and advertising system.”
In addition to Yahoo Mail, Yahoo will add extra layers of personal data protection to all its services in the coming months in an effort to safeguard the privacy of its customers, Yahoo CEO Marissa Mayer announced in a blog post. Mayer reminded users that Yahoo Mail will get HTTPS (SSL – Secure Sockets Layer) encryption with a 2048-bit key by January 8th, 2014 and revealed that all other Yahoo services will get the same treatment by the end of March 2014. More →
Yahoo has been acquiring companies left and right since former Google executive Marissa Mayer became the company’s chief executive. Mayer has emphasized the importance of mobile, noting that it is the company’s future and focus. And it seems that Yahoo’s latest purchase will help the company further compete with Google and Apple, as the company announced on Wednesday that it has acquired mobile advertising startup Admovate. More →
When Marissa Mayer took over as CEO of Yahoo last year there was some hope that she would bring more focus to a company that had long been adrift and without clear goals. Wired’s Ryan Tate, however, notices that Yahoo under her reign has actually become “more bloated” by paying $1.1 billion for blogging service Tumblr and $30 million for news digest app Summly. What’s more, the company has put itself in the mix to buy a stake in Hulu by reportedly bidding between $600 million and $800 million, so it doesn’t seem as though the company exactly has a laser-like focus on one particular area these days. More →
So how much will it take for Yahoo to buy itself a stake in Hulu? According to a new report from AllThingsD, at least $600 million. Citing “numerous sources close to the situation,” AllThingsD reports that Yahoo is bidding between $600 million and $800 million for Hulu, a range that reflects the fact that Yahoo “has proposed several different prices based on a variety of circumstances” including “the length of the licensing rights for content and how much control the programming companies selling Hulu have over their media.” More →
Yahoo is apparently determined to show that it can do more than pay $1.1 billion for a bunch of teenage girls’ blogs. Unnamed sources tell Bloomberg that Yahoo has submitted an offer to buy video streaming website Hulu, a sign that the company is still considering ways to counter the enormous video streaming clout that Google now holds with YouTube. Yahoo was interested in buying a majority stake in French video streaming website Dailymotion earlier this year but that deal fell apart after the French government reportedly threatened to block it. In making an official bid for Hulu, Yahoo will be competing with Time Warner Cable, which is considering buying a 33% equity stake in the company. It’s unknown at this point whether Yahoo’s bid for Hulu will just be for a similar shared stake or if it plans to be more aggressive and buy a majority stake in the firm.
Yahoo turned some heads this week when it announced that it was paying $1.1 billion to buy blogging platform Tumblr, but this isn’t the first time it has spent at least $1 billion to acquire another company. As NPR points out, Yahoo has bought several companies over the past 15 years that it has valued at $1 billion or higher, including most famously its $3.7 billion acquisition of GeoCities in 1999. Other failed Yahoo acquisitions include the $5.7 billion it paid for multimedia website Broadcast.com and the $1.63 billion it paid for search advertising pioneer Overture. In fact, all of these acquisitions make the $30 million that Yahoo paid for Flickr back in 2005 seem like a relative success story, since Flickr is still an operational service that the company is still pouring resources into. That said, when Flickr is seen as the best-case scenario for a Yahoo acquisition, it’s easy to see why Tumblr users are nervous.
After a number of newspapers and blogs wrote about Yahoo’s now-confirmed $1.1 billion acquisition of popular blogging platform Tumblr, users were angry. The world has no idea what Yahoo has in store for Tumblr, of course, but the Internet giant’s reputation has many users worried. So much so, in fact, that some have already begun to defect. According to WordPress CEO Matt Mullenweg, Tumblr users are switching to WordPress in droves. In a recent blog post, Mullenweg says WordPress typically imports between 400 and 600 Tumblr posts per hour, but during a one-hour period on Sunday as news of the imminent deal spread, that figure climbed to 72,000. Yahoo confirmed the $1.1 billion deal on Monday, and it is expected to announce further details during a press conference in New York on Monday evening. Yahoo’s full press release announcing the acquisition follows below. More →
Yahoo has apparently had enough of Bing powering its searches. An unnamed source tells The Wall Street Journal that Yahoo has been “quietly trying to find a way out of its struggling Web-search partnership with Microsoft… but has so far failed in that effort.” The Journal’s source says that Yahoo CEO Marissa Mayer, a former Google executive, has been trying to free the company from the search deal ever since she took over last year but that Microsoft has been unwilling to cooperate. Mayer wants to scrap Yahoo’s Bing deal because “Yahoo’s revenue per search has been worse under the Microsoft deal than when it operated its own Web-search technology and advertising system,” the Journal writes.
Yahoo CEO Marissa Mayer is reportedly looking to step up the competition with her former employer. According to AllThingsD, Mayer has held preliminary talks with Hulu executives to discuss a potential bid for the video-streaming service. The move to acquire Hulu, which offers movies, TV episodes, trailers, clips and behind-the-scenes footage from NBC, Fox, ABC, TBS and other networks, would put Yahoo in further competition with Google as it prepares to take on traditional television with its YouTube service. More →
Just because Apple’s (AAPL) plan to ditch Google Maps has been a bust so far doesn’t mean that the company has given up on decreasing its devices’ dependence on Google’s (GOOG) mobile services. The Wall Street Journal reports that Apple and Yahoo (YHOO) “have been discussing how more of Yahoo’s services can play a prominent role on Apple’s iPhone and iPad devices,” including increased integration into Siri, Apple’s virtual personal assistant. The Journal’s sources also say that the companies are discussing “possible deals to get more content from Yahoo News and its other Web properties loaded onto Apple devices,” although no deal is imminent at this time. The Journal notes that some Apple executives, including senior vice president of Internet Software and Services Eddy Cue, have been reluctant to drop Google entirely because its search results remain superior to those of its competitors.
Yahoo’s (YHOO) ambitions to expand its reach on the web have now come into clearer focus now as The Wall Street Journal reports that the company is considering buying a major stake in Dailymotion, the second-largest video sharing website on the Internet after YouTube. Unnamed sources have told the Journal that buying a stake in the French video-sharing site “would help U.S.-based Yahoo to gain a bigger toehold in online video in parts of Europe and Asia.” The Journal’s sources also say that Yahoo initially plans to buy as much as 75% of the site while retaining the option to purchase the entire company, which could be valued at $300 million.
Like a lot of people, I was initially skeptical of Yahoo (YHOO) CEO Marissa Mayer’s decision to bar her employees from working at home and to force them to work at the office. After all, I work from home and I find that it’s actually made me more productive in many ways than I’ve been in previous jobs — for instance, the fact that I don’t have to commute means that I can start work around an hour earlier than I did at my last place of employment. But every organization is different and after learning the reasons why Mayer made her decision to end working at home, I think she deserves the benefit of the doubt in this particular case. More →