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Archive for February, 2008
Author: UtahSaint
Facebook is for students - right? It used to be, and by staying focussed on that niche is what made Facebook go global. Today we have Yeek - the Drupal based site for gamers to interact, write comments, create online profiles, talk smack and generally hang out with fellow gamers - when they aren’t kicking ass and taking names in Call of Duty, Halo and WOW. Check it out, you’ll be amazed at how much freedom you have to create your own stuff.
Author: UtahSaint
On his way out of the door, Billg has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares. The offer, contained in a letter to Yahoo’s board, is 62% above Yahoo’s closing share price on Thursday.
Yahoo confirmed that it has received an unsolicited offer and said that its board would evaluate the proposal, “carefully and promptly in the context of Yahoo’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.”
If Yahoo accepted the offer, competition authorities both in the US and the European Union would be likely to investigate the tie-up. Yahoo chief executive, Jerry Yang, announced on Tuesday that he intended to lay off 1,000 staff as part of a restructuring plan. Terry Semel, who stepped down as chief executive last June, also quit as non-executive chairman on Thursday. I sure hope he kept his shares and didn’t do a Jobsy - when Steve Jobs bailed on Apple and sold all his shares (but one) and took a bath!
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