Big Shareholder Who Did Not Get Board Seat Says Yahoo!’s Bypassing Him Is Illogical

Calling the decision ‘illogical’, major Yahoo shareholder Daniel Loeb, who has invested about $1 billion in the giant Internet company, said late Wednesday Yahoo was living in an Alice In Wonderland world after the firm denied him a seat in the board.
In a strongly worded letter to Yahoo CEO Scott Thompson, as reported this morning by the Associated Press in San Francisco, Loeb called attention to his …

Yahoo Girds for Stiff Investor Proxy Fight, Appoints 3 New Board Directors / image via EuroNews

Internet giant Yahoo is getting ready to fight for greater control of the company that, despite some difficulties, business experts consider to be worth around $50 billion today.
An Associated Press report from New York this morning said Yahoo has appointed three new directors to its board in preparation for a proxy fight that has been looming in the horizon, which could take months to resolve.
The …

The bile against Yahoo’s decision to sue Facebook does not seem to be letting up with the freshest onslaught coming from Yammer. The corporate social network has joined the tech community in condemning and criticizing Yahoo for patent trolling – something that many feel is the last ditch effort for small companies to make a quick buck.
Yammer’s CEO David Sacks has gone a step further by offering any Yahoo employee who leaves the embattled company $25,000 as signing bonus …

Patent trolling has now come infamously referred to as the act of registering patents in the hope of using it to gain unfair advantage over competitors in the future. Yahoo has been a bastion of good business over the years and many companies in the Valley have sought to emulate the company.
However, the recent decision the company made to take Facebook to court over patent infringements has many in the tech industry bristling over what they call malicious intentions on Yahoo’s side. So …

Yahoo‘s desperation at its waning fortunes have reached new dimensions today with the company’s latest attack on Facebook. Yahoo has put Facebook on notice on what it terms patent violation and wants Facebook to either license the patents from you Yahoo or face litigation.
The two companies have so far enjoyed amicable relations with Yahoo integrating a Facebook social sign-in on its web properties and implementing a Facebook social reading app. In fact, Facebook had recently …

The turmoil at Yahoo continues unabated as the latest instalment in the saga becomes stalled talks with Asian partners over Alibaba and Yahoo Japan assets. Yahoo had been in talks with the two companies in a bid to offload its stakes in the two Asian companies valued at over $10 billion and which talks started as far back as 2010. Those talks however faltered and the deal had to be re-brokered.
The latest deal was for what is called a cash-rich split where Yahoo would exchange its assets in …

Yahoo continues to struggle after posting another round of below par financial results with its new CEO, Scott Thompson, admitting the company should perform better.
With a 13 percent drop in revenue to $1.32 billion, Yahoo’s Q4 2011 fiscal results where expected but rather disappointing as overall profits fell five percent to $296 million.
In the last quarter of 2011, the company paid Microsoft $48 million as part of their deal for the latter to operate Yahoo search engines, but the troubled …

Yahoo co-founder and ex-CEO Jerry Yang has decided to resign from his post, as a member of the struggling Internet search company’s board of directors.
Yang resolved to leave the Web portal company he established, which also has fallen from its former glory, to find other interests outside of its vicinity.
He leaves behind all his roles as a member of the board of directors in Japan and the U.S. and Alibaba Group Holding.
“My time at Yahoo, from its founding to the present, has …

Yahoo has named its new CEO with Scott Thompson months after firing Carol Bartz as head of the troubled online search and advertising company.
Scott Thompson, the president of online payment service and eBay subsidiary PayPal, will take the post as Yahoo CEO effective January 9.
Under his leadership, PayPal now has over 104 million users from just 50 million and increased revenue to over $4bn from $1.8bn in 2008.
The position, which became vacant in September after former CEO Carol Bartz’s …

Yahoo has filed a countersuit against Singapore Press Holdings (SPH) over an alleged copyright infringement of several articles posted on its news site.
The one-time Internet search leader claims that The Straits Times publisher reproduced its articles on the citizen journalism website STOMP.
Looking back into the roots of this counterargument, SPH first filed a lawsuit against Yahoo in November over claims that the latter illicitly copied its newspaper articles since last year.
With those …