Key Developments: Yahoo! Inc (YHOO.O)
26.33USD
24 May 2013
$0.31 (+1.19%)
$26.02
$25.90
$26.48
$25.65
14,974,345
17,798,414
$27.68
$14.59
Latest Key Developments (Source: Significant Developments)
Yahoo! Inc Announces Definitive Agreement To Acquire Tumblr
Yahoo! Inc and Tumblr announced that they have reached a definitive agreement for Yahoo! to acquire Tumblr. Per the agreement and promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators. Total consideration is approximately $1.1 billion, substantially all of which is payable in cash. The transaction, which is subject to customary closing conditions, is expected to close in the second half of the year. Full Article
Yahoo! Inc's Board Approves $1.1 Billion Tumblr Acquisition-Reuters
Reuters reported that Yahoo! Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal said. Yahoo declined to comment, while Tumblr did not respond to requests for comment. Full Article
Yahoo! Inc Acquires TMT Investments PLC's Todoroo, Inc
TMT Investments PLC announced that portfolio company Todoroo, Inc. (Astrid) has been acquired by Yahoo! Inc. The terms of the transaction documents preclude TMT from disclosing the terms of the transaction until July 2, 2013. The transaction was completed on May 1, 2013. Full Article
Yahoo! Inc Announces Resignation Of Fred Amoroso As Chairman-DJ
Dow Jones reported that Yahoo! Inc's Chairman Fred Amoroso has resigned but will serve on the Web portal's Board through June annual meeting of shareholders. Mr. Amoroso, who was named Chairman last May, will be succeeded in the interim by Maynard Webb Jr., the Company said. Full Article
Babylon Ltd In Four-Year Internet Deal With Yahoo! Inc-Reuters
Reuters reported that Babylon Ltd has signed a four-year cooperation agreement with Yahoo! Inc in the Internet sector, including on mobile devices. According to the agreement, which can be extended beyond four years, the two companies will share in revenue from Internet advertising. Full Article
Yahoo! Inc Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates; Issues Q2 2013 Mixed Earnings Guidance; Reaffirms FY 2013 Guidance; Comments On H2 2013 Revenue Guidance-Conference Call
Yahoo! Inc announced that for the second quarter of 2013, it expects revenue ex-TAC to be in the range of $1.060-$1.090 billion, tend historically to be flat first quarter to second quarter. Adjusted EBITDA to be between $350 million and $370 million, non-GAAP operating income, excluding stock-based comp, to be between $190 million and $210 million for the second quarter of 2013. For calendar 2013 (fiscal 2013) guidance is unchanged with that given on the fourth quarter 2012 call. The Company do recognize that product initiatives need to affect revenue growth in the second half 2013 to achieve these financial results. For fiscal 2013, revenue ex-TAC expected to be between $4.5 billion and $4.6 billion, Adjusted EBITDA expected to be between $1.6 billion and $1.7 billion, and non-GAAP operating income excluding stock-based comp expected to be between $1.050 billion to $1.100 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.112 billion, EBIT of $185 million and EBITDA of $393 million for the second quarter of 2013; revenue of $4.585 billion, EBIT of $820 million and EBITDA of $1.676 billion for fiscal 2013. Full Article
Yahoo! Inc Issues Q1 Guidance; Earnings Guidance Below Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates-Conference Call
Yahoo! Inc announced that it expects revenue ex-TAC to be in the range of $1.07-$1.1 billion for the first quarter of 2013, and $4.5 billion to $4.6 billion for fiscal 2013. The Company is forecasting adjusted EBITDA to be between $340 million and $360 million in the first quarter 2013, and $1.6 billion and $1.7 billion for fiscal 2013. Operating income is expected to be between $155 million to $175 million for the first quarter 2013, and between $810 million and $850 million for fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.1 billion, EBIT of $185 million and EBITDA of $412 million for the first quarter of 2013; revenue of $4.6 billion, EBIT of $833 million and EBITDA of $1.7 billion for fiscal 2013. Full Article
Yahoo! Inc and NBC Sports Group Team Up for News, Fantasy, and Video Coverage of Sporting Events
Yahoo! Inc and the NBC Sports Group announced a content and promotional deal combining Yahoo! Sports’ original reporting coverage of big events, Rivals’ college content and fantasy sports products with NBC Sports Group’s growing digital assets, and television promotion and integration. Full Article
Yahoo! Inc Acquires Video Chat Startup Company-Reuters
Reuters reported that Yahoo! Inc acquired a five-person video chat company on Tuesday, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities. Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group. Full Article
Yahoo! Inc And Samsung Form Multi Year Partnership To Deliver Interactive TV
Yahoo! Inc and Samsung announced an expanded multi-year partnership to integrate Yahoo!’s Broadcast Interactivity platform into Samsung 2012 Smart TVs. Yahoo! Broadcast Interactivity, powered by its automatic content recognition (ACR) technology, SoundPrintTM, will be deployed in Samsung’s SyncPlus platform, enabling new opportunities for intelligent content discovery, advertising and engagement, bringing an unprecedented level of interactivity in the living room. Full Article
Yahoo joins growing list of bidders for Hulu: sources
LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
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