Yahoo is getting closer to propelling its stock beyond the price that Microsoft offered to buy the Internet company in 2008, a feat that seemed unattainable until Yahoo hired Marissa Mayer as its CEO last year.
Yahoo CEO Marissa Mayer said the Internet company now has about 800 million worldwide users, a 20 percent increase since she was lured away from Google 15 months ago to steer a turnaround.
Yahoo has adopted a new logo for the first time since shortly after the Internet company’s founding 18 years ago.
Just a day after Yahoo passed Google in terms of U.S. Web visitors, the company’s CEO Marissa Mayer is reportedly courting Katie Couric for a Web interview show on its homepage.
Activist investor Dan Loeb and two other directors nominated by his hedge fund are leaving Yahoo’s board after big gains in the Internet company’s stock price over the past year.
CEO Melissa Mayer’s magnetism and Alibaba’s prosperity are now combining to transform Yahoo Inc. from a tale of woe into a comeback story that is winning over Silicon Valley and Wall Street.
Mayer has been CEO of Yahoo for nearly a year, and has had to endure more than her share of personal questions following the birth of her child and her change in remote work policies at the Sunnyvale company.
Yahoo has completed its $1.1 billion acquisition of online blogging forum Tumblr.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.
Sunnyvale Web portal Yahoo’s board of directors met Sunday and approved a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the Wall Street Journal.