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.
Yahoo may be on the verge of closing its biggest acquisition under CEO Marissa Mayer, as she tries to attract more traffic and advertising to the Internet company’s website.
Yahoo is taking the next step in its effort to make some of its most popular services more appealing and accessible to the growing audience connecting to the Internet on smartphones and tablets.
Yahoo is making more money under CEO Marissa Mayer, even as the Internet company struggles to sell more of the ads that bring in most of its revenue.
Teenage programmer Nick D’Aloisio’s decision to sell his news application Summly to Yahoo for what’s rumored to be a massive payout has turned him into a media sensation. D’Aloisio said his computer skills were self-taught.