Yahoo news and archive

Yahoo chief Marissa Mayer to leave company board after Verizon sale

Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company's board after its merger with Verizon. Mayer is expected to remain with Yahoo's core business, which is being bought by the US telecom titan. Yahoo is selling its internet operations as a way to separate that from its more valuable stake in Chinese internet giant...

Business

Yahoo opens door to deal, unveils big job cuts

Yahoo on Tuesday said it is cutting 15 percent of its workforce and narrowing its focus as it explores "strategic alternatives" for the future of the faded Internet star. The announcement, coming with the release of a big quarterly loss, offered the first sign that Yahoo may be open to a sale or merger after years of struggling to regain its...

Business|UPDATE Featured

Yahoo to keep Alibaba and spin off core business

Yahoo flipped its reorganization plan Wednesday, announcing it would keep its stake in China's Alibaba but spin off its core Internet business -- creating new uncertainties for the struggling tech giant. The decision marks a U-turn on a previous plan to spin off Yahoo's vast holdings in e-commerce giant Alibaba, which could have exposed it to a...

Business|UPDATE Featured

Yahoo set to drop spinoff of Alibaba stake

Yahoo said Thursday it would seek a "reverse spinoff" that would separate the Internet company's core operations from its holdings in China's online giant Alibaba. The Internet pioneer said the move would create two separately publicly traded companies including one with the Yahoo core which has been struggling. Yahoo said it was suspending its...

Business

Yahoo acquires digital-shopping haven Polyvore

Los Angeles - Polyvore has become increasingly popular as an online e-commerce retail destination. Recently, Yahoo announced that it would be acquiring the favorable e-tailer. Polyvore is an engaging shoppable website that encompasses a community of makers, retailers, and buyers. Yahoo decided to acquire the fashion e-commerce site this past...