It has been said around the news and in most news websites that yahoo has been thinking of laying off 1000 employees. Their reason for this was to give yahoo a quick, financial growth. Back in 2005, yahoo’s growth hit a plateau. Yahoo dropped 50% in market value that year and thats about $35 Billion.
Yang, the new CEO of yahoo who took over seven months ago in hopes of shaking the company and making some development for a change but…his work does not seem to be so impressive, as a resort many people think he did this purposely because he ran out of choices.
“This is a necessary step in our transformation,” says Yang, hoping for a ‘transformation’, losing employees to make money? Lets just hope good and far this transformation is going to go.
Microsoft gets informed about the events that has been occurring to yahoo and they would like to once again put their nose into someone else’s business. At first, according to media; Microsoft wanted to develop a deeper partnership with Yahoo and help it get back on its feet and of course Microsoft would have a good share on this as well.
I recently saw the news headline and Microsoft has offered to buy Yahoo. Once Microsoft confirmed that they would like to make an offer for yahoo; Google intervenes, probably for a good cause. Microsoft offered to buy yahoo for: $44.6 billion. Now thats a lot of money, I personally never thought Yahoo was even worth anything close to that but I suppose I am wrong.
Google works with yahoo, helps it understand better that yahoo apparently is worth more. “Apparently some of the number crunchers inside Yahoo! feel like the number is too low of a valuation, while others want to get tied up with Google to improve search revenues — which some seem to think might have some antitrust implications” - Engadget.
Yahoo has already rejected Microsoft’s first offer but it is not hard to believe that Microsoft would attempt a new offer. They want everything.
Lets see how things turn up.
Edit: Please do not flame me if I am displaying incorrect information as even I do not fully trust some of the sources of my information. If this is the case, please provide with us with the correct information in a comment. Thank you for your time.
