Yahoo Thinks They’re All That
The powers that be at Yahoo! definitely have a better outlook about their company than many of us outsiders have. In fact, when I first read this story, I wondered why Yahoo would be pouring money into anything else, seeing as they just about kill everything else they pour money into.
Undeterred by the threat of a hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million.
The deal marks Yahoo’s latest attempt to expand its online advertising network and snap out of a two-year financial funk that has culminated in unsolicited takeover offer from Microsoft Corp.
Yahoo’s board rejected the bid Monday, prompting Microsoft to raise the possibility of taking its offer — originally valued at $44.6 billion or $31 per share — directly to shareholders.
On top of it all, T-Mobile announced they were dropping Google and going to start using Yahoo as their preferred mobile search provider in Europe. Did the world just start spinning backwards or something?
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