Yahoo, which has been battling a loosing battle in its bid to not become an entity of the Microsoft Corportation has recieved numerous lawsuits (here). Another reason to be worried is that they’ve also annoyed their biggest shareholders who are letting everyone know what they think of Jerry Yang and the Yahoo board of directors (here)
“I’m extremely disappointed in Jerry Yang. I [...]
Untangle, which was founded in 2005 and is currently based in San Mateo, California, has raised a further $8 million in a second round of funding for an overseas expansion of its open-source networking and security business. So far Untangle have raised around $20 million to date.
The company has 31 employees and is close to profitability and [...]
Since the Microsoft-Yahoo deal isn’t going to happen, Yahoo shares have tumbled a massive 20% since the market opened this morning.
Shares in Yahoo opened at $23.02 but have since started to edge up. Although this is still technically good news for Yahoo shareholders as it is still alot higher than the $19/share which Yahoo was trading at when [...]
Microsoft has finally decided to stop trying to purchase Yahoo after being unable to agree an acceptable sale price. The company had been pursuing Yahoo for 3 months.
Mr Ballmer revealed that Microsoft had raised its original offer to $33/share but Yahoo were insisting on at least $37/share, which was more than the software giant was prepared to pay. The original intentions of the [...]
