Key Developments: Yahoo! Inc (YHOO.O)

Latest Key Developments (Source: Significant Developments)

Yahoo! Inc Bid For Hulu In $600 Million to $800 Million Range; Preps Other Big Deals in Mobile And Communications-NYT
Monday, 27 May 2013 11:55am EDT

The New York Times reported that according to numerous sources close to the situation, Yahoo! Inc has bid from $600 million to $800 million for the Hulu. The reason for the wide range is due to the fact that the Silicon Valley Internet giant similar to most bidders in the new effort to acquire Hulu, has proposed several different prices based on a variety of circumstances. That includes the length of the licensing rights for content and how much control the programming companies selling Hulu have over their media. At the same time and separately, according to sources inside the Company, Yahoo is also contemplating at least two other purchases in the $150 million to $200 million range each for a mobile and a communications company. Full Article

Yahoo! Inc Proposes To Buy Hulu Owned By News Corp and Walt Disney Co-Reuters
Saturday, 25 May 2013 04:05pm EDT

Reuters reported that 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. It is unclear how much the Internet company bid. Full Article

Yahoo! Inc Announces Definitive Agreement To Acquire Tumblr
Monday, 20 May 2013 08:00am EDT

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
Sunday, 19 May 2013 04:32pm EDT

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
Thursday, 2 May 2013 04:53am EDT

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
Thursday, 25 Apr 2013 03:17pm EDT

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
Tuesday, 23 Apr 2013 06:23am EDT

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
Tuesday, 16 Apr 2013 09:00pm EDT

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
Monday, 28 Jan 2013 10:00pm EST

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
Sunday, 9 Dec 2012 07:45pm EST

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 News

Yahoo says it had as many as 13,000 data requests

- Yahoo Inc said U.S. law enforcement agencies made between 12,000 and 13,000 requests for data in the last six months, the latest in a series of disclosures by technology companies since intelligence leaks showed the extent of government data gathering efforts.

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Earnings vs. Estimates

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