Eric Schmidt Floats Idea Of A Yahoo-Google Search Partnership

yahoo-google-bing-hearts-featured Apple, Google and mapping apps weren't the only thing that Eric Schmidt spoke about today in Tokyo. Forbes is reporting that Schmidt also floated the idea of a Google-Yahoo search partnership. Dow Jones reporter Kenneth Maxwell was at the event, and shared this statement with Forbes: Yes, I can confirm, Eric Schmidt definitely said they'd be interested in working with Yahoo US. He also said nothing doing for the time being, but they would be interested. It was also mentioned to him that there is new management at Yahoo US with a Google connection. But he played it pretty straight…. He al [...]


As The Yahoo-Microsoft Search Alliance Falls Short, Could A Yahoo-Google Deal Emerge?

yahoo-google-bing-hearts-featured Once again, Yahoo is earning so little under its search deal with Microsoft that Microsoft is having to make up the difference due to a revenue guarantee. If the performance doesn't improve, Yahoo might go looking for a new partner, which could include Google. Let's explore how the deal has continued to falter, quarter-after-quarter, and how the seemingly inevitable failure might lead Yahoo back to one-time partner Google. The RPS Gap During its earnings call this week, Yahoo chief financial officer Tim Morse said there continues to be a gap between the expected revenue earned per search [...]


Ironically, Search Might Be Less A Priority At Yahoo As Google’s Marissa Mayer Takes The Helm

yahoo-search-marissa-mayer-featured Wow. Wow. Wow. That's all that keeps running through my head as I digest the news that long-time Google executive Marissa Mayer is to take over as president and CEO of Yahoo. Smart move for Mayer. Smart move for Yahoo. And as I'll explain more, perhaps a move that finally takes Yahoo out of the search game, but takes it out in a smart way. A Force To Be Reckoned With I've known Mayer since she started at Google in 1999. Until she moved off of being vice president of search in 2010, Mayer was the Google executive I had the most contact with. When we were first introduced, my reaction to Googl [...]


Confirmed: Marissa Mayer Leaving Google For Yahoo CEO Role

marissa-mayer-200px Marissa Mayer is leaving Google today, and will take over as Yahoo's President and CEO as of tomorrow. The 37-year-old Mayer was Google's 20th employee and has been responsible for a number of Google products over the years. Most recently, she oversaw development of Google's local products and services. Yahoo has struggled to find a leader in recent years, going through several CEOs including Carol Bartz, Scott Thompson and the current interim CEO, Ross Levinsohn. The news comes via CNBC's Andrew Ross Sorkin and was shared via a pair of tweets just now. BREAKING- Sorkin: Yahoo names Ma [...]


No CEO News Emerges From Yahoo Shareholder Meeting

yahoo-y-logo [caption id="attachment_127578" align="alignright" width="192" caption="Is Ross Levinsohn's Yahoo's Future (Non-Interim) CEO?"][/caption] You can't blame Yahoo's board for being a little bit gun shy. After all, eight out of 11 directors are new this year -- three of them were appointed in the wake of the highly-public resume scandal that ousted CEO Scott Thompson. With the Thompson debacle, the departure of co-founder Jerry Yang, and the ill-fit of Carol Bartz, Yahoo is under pressure to get it right this time. That's seems to be why today's shareholder meeting in Santa Clara, [...]


Former Yahoo Executive Pleads Guilty To Securities Fraud Charge Related To Microsoft Deal

sec-logo The Search Alliance between Yahoo and Microsoft had some unintended beneficiaries (now casualties). Yahoo's former senior director of business management, Robert Kwok, has pled guilty to conspiracy to commit securities fraud, after being accused that he told a mutual fund manager in July 2009 that the deal between Yahoo and Microsoft was imminent. Among its many provisions, the deal -- officially announced in late July of 2009 -- called for Microsoft to pay Yahoo $50 million annually, for three years, for implementation costs. The mutual fund manager, Reema Shah, formerly of Ameriprise F [...]


Report: Scott Thompson To Step Down As Yahoo CEO, Ross Levinsohn To Step In

Screen shot 2012-05-13 at 9.27.10 AM Kara Swisher at AllThingsD is reporting that embattled Yahoo CEO Scott Thompson is going to step down for "personal reasons." Swisher has one or more "moles" inside the company and consistently gets inside information -- which generally turns out to be correct. Thompson's "personal reasons," as we all know, are: misrepresenting that he had a computer science degree. Yahoo EVP Ross Levinsohn is reportedly set to become interim CEO, with the apparent hope that he could take the helm permanently. Swisher adds that the situation is still in flux and could change. The board is apparently meet [...]


8 Products That Might Be On Yahoo’s Chopping Block

yahoo-chopping-block-featured Yahoo's product teams are officially on notice. Shortly after announcing Q1 earnings yesterday, new Yahoo CEO Scott Thompson dropped a bomb during the analysts' call when he said the company will be "shutting down or transitioning roughly 50 properties that don't contribute meaningfully to engagement or revenue." He went on to say that Yahoo's focus will be on its "core media connections and commerce businesses," such as Yahoo News, Yahoo Sports, Yahoo Mail and a few other successful Yahoo properties. But what about the 50 properties that are destined to be shut down or transitioned [...]


Yahoo Q1: Revenue Beats Expectations, Search Up 8 Percent

A short while ago Yahoo released Q1 earnings, which exceeded financial analysts' consensus estimates. Total revenue was $1.22 billion, up 1 percent year-over-year (YoY). Net earnings were $286 million, representing 28 percent YoY growth. Total search revenue was $470 million, up 3 percent vs. last year. Search revenues (ex-TAC) were up 8 percent to $384 million (vs. $357 in Q1 2011). Total display ad revenues were down 2 percent, however, to $511 million. The search gains came notwithstanding a decline in overall query volume last quarter, according to comScore. New CEO Scott Thom [...]


Yahoo’s Re-Organization: Search Stays Alive, At Least On Paper

yahoo-search-featured Following last week's layoffs of about 2,000 employees, new Yahoo CEO Scott Thompson announced today an overhaul of the company's structure -- and, despite concerns about the future of Yahoo search, it remains alive. At least in the memo that Thompson sent to Yahoo employees this morning. Yahoo's new corporate structure will take effect on May 1st and have three primary divisions: Consumer - this will have three units: Media, Connections and Commerce Regions - this is the division that serves Yahoo advertisers and is "accountable for all Yahoo revenue" Technology - the infrastructure [...]


Yahoo In A Fight For Its Life

yahoo logo According to Reuters on Tuesday next week the already embattled new Yahoo CEO Scott Thompson will lay out his vision for the company. The pressure will be on to deliver a coherent and convincing plan -- emphasis on convincing. Following the announcement of 2,000 layoffs earlier this week Thompson sought to reassure Yahoo employees in a company memo. A streamlined organizational structure will better enable Yahoo to compete in the future, he reportedly said. That new structure will apparently not include Yahoo Chief Product Officer Blake Irving, who has resigned. His organization took a d [...]


Yahoo Confirms 2,000 Employees Getting the Axe

yahoo-layoffs-fired-featured After several days of rumors, first reported by AllThingsD, Yahoo confirmed this morning that it's restructuring and laying off 2,000 employees: Today, the company will begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition. Yahoo! expects to realize approximately $375 million of annualized savings upon completion of all employee transitions. The company currently expects to recognize the majority of an estimated $125 to $145 million pretax cash charge relating to employee sev [...]


Will Pending Layoffs Put Final Nail In Yahoo Search?

yahoo-search-featured Whatever is left of Yahoo Search -- and, frankly, that's unclear at this point -- might be gone completely within the next couple of weeks. At AllThingsD today, Kara Swisher is reporting that Yahoo is planning substantial layoffs as early as next week, with a company restructuring to be revealed the week after that. Swisher, who's been correct on things like this in the past, mentions "a half-dozen sources" in reporting on Yahoo's impending plans. Of note for Search Engine Land readers is the discussion of what might happen to Yahoo Search. AllThingsD says that Yahoo has been in talks wi [...]


Yahoo’s Co-founder Jerry Yang Resigns

yahoo-y-logo-featured Yahoo announced its co-founder Jerry Yang has formally resigned after 17 years on the job. Yang co-founded the company in March 1995, and has been on the Board of Directors since. 17 years later, he has officially stepped down from its Board of Directors and all other positions with the company. And he has done so effective immediately. In addition, he stepped down from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. This news comes only a couple weeks after Yahoo announced their new CEO Scott Thompson. "I am grateful for the warm welcome and support Jerry p [...]


It’s Official: PayPal President Scott Thompson The New Yahoo CEO

Screen shot 2012-01-04 at 5.23.55 AM AllThingsD reported late yesterday that PayPal president Scott Thompson would likely be named CEO of Yahoo. It's now official; Yahoo just put out its formal press release announcing Thompson's appointment. In appointing Thompson, Yahoo is choosing a leader with a deeper technology and product background than prior CEO Carol Bartz who was abruptly terminated last September. In the interim Yahoo CFO Tim Morse has been serving as CEO. Not going to sell itself now There had been an expectation that Yahoo was going to sell itself or a significant minority stake to a private equity buyer or ano [...]


Yahoo’s Bay Bridge Billboard Removed After 12-Year Legacy

Iconic Yahoo billboard taken down via the Associated Press reports that Yahoo's "iconic" billboard has been taken down after 12 years of standing tall and proud on the highway as you approached the Bay Bridge. The billboard space is managed by Clear Channel and currently is being offered at an extremely low rate of $65,000 per month. Yahoo, who has not been seeing that much growth over the recent years, said they are looking for "new and innovative ways" to advertise and market themselves. Removing the classic billboard is just one more symbolic nail in the coffin for Yahoo. For more [...]


Yahoo Product Runway: Livestand And IntoNow

Yahoo held its second now annual "Product Runway" event, mc'd by product chief Blake Irving. Irving was assisted by some younger executives from companies that Yahoo had acquired in the recent past. There were four announcements, lead by the formal unveiling of Livestand, Yahoo's long-promised tablet news reader application. It competes with Flipboard, CNN's Zite, AOL Editions, Taptu, Pulse and others. Here is a quick summary of the four announcements: Livestand: Described as a "personalized living magazine," it's a mix of Yahoo's own content and third party content. There will b [...]


Yahoo Now A Pawn In Google-Microsoft Proxy War As Both Seek Ownership Stake: Report

According to stories that ran on Friday and Sunday in the Wall Street Journal, both Microsoft and Google are potentially going to bid for Yahoo. Various unnamed sources and "people speaking on condition of anonymity" told the WSJ that Microsoft is planning to act as source of financing for others in exchange for preferred stock and some "influence" over Yahoo's future: Microsoft Corp. may help to bankroll a potential joint bid for Yahoo by extending loans to its deal partners and buying preferred stock in Yahoo . . . The software giant has been in discussions about a potential joint proposal [...]


As Yahoo Struggles Can It “Bring Sexy Back”?

Yesterday Yahoo released Q3 revenues. While they generally met expectations, and operating income came in at the "high end" of Yahoo's guidance, overall revenues and profit declined: Revenue excluding traffic acquisition costs ("revenue ex-TAC") was $1,072 million for the third quarter of 2011, a 5 percent decrease from the third quarter of 2010. Income from operations decreased 6 percent to $177 million in the third quarter of 2011, compared to $189 million in the third quarter of 2010. The year over year decreases were primarily due to the revenue share related to the Search Agreement wi [...]


As Buyers Circle Yahoo, Will It Be Carved Up?

Now that it's for sale, there are several reports indicating multiple buyers are interested in some or all of Yahoo. Among the names mentioned are Silver Lake Partners, a private equity firm, Yahoo search partner and former suitor Microsoft, News Corp. and Jack Ma of China's Alibaba, in which Yahoo owns a multi-billion dollar stake. Reuters is reporting that Yahoo has hired the infamous Goldman Sachs and Allen & Co to help potential buyers through the due diligence process, which could take "months" according to the report. The New York Times tries to value the various pieces of Yaho [...]


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