Microsoft’s Bing leaves Yahoo behind in search shares


According to comScore’s December data of search engines, Microsoft’s Bing surpass Yahoo for the first time in December 2011. According to the report, Yahoo had 14.5% share in search market as compared to Microsoft’s Bing share which is 15.1%. Google dominated the market and have 65.9% share of searches in December 2011.

As Bing powers Yahoo search, the two search engine’s combined share of searches was 29.6%. Read More …

Yahoo Wins the 2008 lawsuit and awarded $650 million

YahooYahoo has been awarded $650 million in a ruling against spammers, who promised mail owners lottery prizes in exchange for personal information.

Yahoo filed a lawsuit against spammers in 2008, who sent spam mails to the customers with the company’s name that they will be entered and could win the lottery. More than 11.7 million spam mails were sent from December 2006 to May 2009 with the intention to collect personal and financial information such as credit card information and social security numbers and according to the company this information was used to steal funds from bank accounts or to be sold to criminals or to apply for loans or credit cards as reported by the company.

Yahoo’s allegations were “uncontroverted,” Judge Laura Taylor Swain of the United States District Court for the Southern District of New York ruled on Dec. 5. The judge found the “defaulting defendants jointly and severally liable as participants in a conspiracy under New York common law,” Yahoo said.

The $610 million judgment was comprised of a statutory damages award for trademark infringement in the amount of $27 million and a statutory damages award for violation of the CAN-SPAM Act in the amount of $583 million. Yahoo! was also awarded attorneys’ fees. Read More …

Yahoo bid by Alibaba-led group [Update]

Blackstone Group and Bain Capital are preparing an offer for all of Yahoo Inc with Asian partners in a deal of about $25 billion for the company, as reports said.

Although the offer by China’s Alibaba Group and Japan’s Softbank Corp, has not been finalized up till now, reports further said.

On the other hand, Alibaba is showing interest in purchasing 40% stake owned by Yahoo and still no news is there for its taking part in the entire Yahoo bid. Moreover, Alibaba Group spokesman John Spelich said on Thursday, “Alibaba Group has not made a decision to be part of a whole company bid for Yahoo.”Yahoo Read More …

Alibaba and Softbank are showing interest in Yahoo

YahooAlibaba Group Holding Ltd. and Softbank Corp. are discussing with private equity funds about the bid for all of the Yahoo! Inc.

Bloomberg has reported that Alibaba and Softbank are showing eagerness to buy back stakes owned by Yahoo as Jack Ma, chairman of the Alibaba, said that he is “very interested” in ownership of Yahoo.

Tomoaki Kawasaki, a Tokyo-based analyst at Cosmo Securities Co., said,

“Alibaba Group and Softbank are willing to buy back their shares soon,” Read More …