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Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
Yahoo (/ ˈ j ɑː h uː / ⓘ, styled yahoo! in its logo) [4] is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports and its advertising platform, Yahoo Native.
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]
Search Marketing and Yahoo! Gemini) is a native "Pay per click" Internet advertising service provided by Yahoo. Yahoo began offering this service after acquiring Overture Services, Inc. The current offering of Yahoo Native launched in 2014 as Yahoo! Gemini. It handles advertising for both Yahoo and AOL properties, as well as other media outlets.
Kelkoo Group – A European price comparison tool that was acquired by Yahoo! in 2004 and sold in 2008. [44] [45] Yahoo! Korea was the South Korean affiliate of Yahoo!, founded in September 1997. Its headquarters was the Yahoo! Tower on Teheranno in the Gangnam District of Seoul. On December 31, 2012, Yahoo!
January 19, 2004: Yahoo! announces the formation of Yahoo Research Labs, a research organization for the invention of new technologies and solutions for Yahoo! Yahoo!'s Head and Principal Scientist Dr. Gary William Flake leads the new organization.
The group was able to archive 4.75 TB of data during the "read only" period, but not the full site. [25] [26] The same day the site shut down, the wider Yahoo brand was sold to Apollo Global Management. [27] The closure did not affect the Yahoo! Japan version of the site, Yahoo! Chiebukuro (Yahoo!知恵袋) [28] which remains online.
Yahoo holds a 34.75% minority stake in Yahoo Japan, while SoftBank holds 35.45%, [169] Yahoo!Xtra in New Zealand, which Yahoo!7 have 51% of and 49% belongs to Telecom New Zealand, and Yahoo!7 in Australia, which is a 50–50 agreement between Yahoo and the Seven Network. Historically, Yahoo entered into joint venture agreements with SoftBank ...