Report: AT&T May Scale Back Yahoo Partnership
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AT&T wants to trim the deal's scope, The Wall Street Journal reports.
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With the brand-sharing alliance between Yahoo and AT&T due to expire in just over a year, the Wall Street Journal reports, AT&T may be reconsidering whether, as it expands its broadband services nationwide this year, it needs or even wants the Yahoo name tagging along for the ride.
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Yahoo may team up with News Corp. to fend off&#160;Microsoft&#39;s bid to buy the struggling Web portal, according to a Wall Street Journal report on Wednesday.The two companies are in talks about a deal in which News Corp. would take a stake of as much as 20 percent in Yahoo. MySpace and other Web properties of News Corp. would be combined with Yahoo, according to the report, which was attributed to &quot;people familiar with the matter.&quot;The deal would also involve a cash infusion by News Corp. and a private equity firm. Yahoo would remain independent.On Monday,&#160;Yahoo rejected Microsoft&#39;s $44.6 billion unsolicited buyout bid, saying it undervalued the company. Microsoft has vowed to take all necessary steps to close the deal.A Yahoo spokeswoman declined to comment on the report. News Corp. and Microsoft could not immediately be reached for comment.
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A published report says AT&T wants to change its years-long partnership with Yahoo, which AT&T feels provides fewer benefits than in the past.
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Yahoo Inc  said it may take  "quite a bit of time" to weigh its strategic options, including  keeping the company independent, following Microsoft Corp's   $45 billion offer to buy the company.
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AT&amp;T will alter the strategy on its broadband network upgrade within the next 12 to 18 months to match the capabilities of competing cable networks, market research provider Pike &amp; Fischer predicts in a new report.
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Yahoo Inc  ousted archrival  Google Inc  as T-Mobile's top Internet partner in  Europe as it unveiled a service to squeeze social Web  connections on to cell phone screens, a day after rebuffing a  $41.6 billion takeover bid from Microsoft Corp .
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut another 7,400 jobs and reduce the value of its assets by $11.4 billion, spurred by its retreat from traditional consumer
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Yahoo has not reached a decision about&#160;Microsoft&#39;s acquisition offer&#160;and is considering &quot;a wide range of potential strategic alternatives,&quot; Yahoo CEO Jerry Yang said in an e-mail to employees on Wednesday.In the e-mail, which was addressed to &quot;yahoos&quot; and filed with the U.S. Securities and Exchange Commission, Yang said the Yahoo board is still reviewing the deal and will &quot;take the time it needs to do it right.&quot;&quot;Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,&quot; he wrote in the e-mail, typed in all lowercase letters.Microsoft made its unsolicited bid for Yahoo last Friday, offering to pay $44.6 billion for the company, or 62 percent over Yahoo&#39;s closing share price Thursday. The deal would greatly expand Microsoft&#39;s search and advertising business and could help it to compete better with Google online.Yahoo is understood to be lukewarm on the offer. The company hopes a rival suitor will emerge with a counteroffer or that it can forge a deal with Google that will allow it to remain independent, according to Wednesday&#39;s Wall Street Journal newspaper, which cited unnamed sources.However, analysts have said it is unlikely another company could match Microsoft&#39;s sizeable offer, and a business deal between Yahoo and Google could raise antitrust concerns because of Google&#39;s already dominant market position.In the e-mail, Yang thanked the Yahoo staff for staying focused on their work amid the turmoil. The company has hired &quot;top advisors&quot; to assist it through the process and is focused on maximizing value for its shareholders, he said.
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InfoWorld - Yahoo may team up with News Corp. to fend offÂ Microsoft's bid to buy the struggling Web portal, according to a Wall Street Journal report on Wednesday.
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The once-certain merger process between the largest US telephone company, AT&T Inc., and former "baby Bell" and regional telephone carrier BellSouth, could perhaps be delayed further on account of a curious federal district judge. His hearings into why the AT&T/SBC and Verizon/MCI mergers were expedited by the Justice Dept. could raise skepticism about the viability of AT&T/BellSouth.
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Google has made its first official comments on&#160;Microsoft&#39;s proposed acquisition of Yahoo&#160;saying that the deal raises &quot;troubling questions&quot; and that the underlying principles of the Internet stand to be tested by the proposed deal.The statement refers several times to Microsoft&#39;s past regulatory transgressions and indicates that Google could be preparing to fight the deal -- if it is accepted by Yahoo -- by pushing regulators to disallow it.&quot;Could Microsoft now attempt to exert the same sort of inappropriate and illegal influence over the Internet that it did with the PC?,&quot; asked David Drummond, senior vice president of corporate development and chief legal officer at Google in a statement posted on the corporate blog on Sunday.Drummond also asks if an acquisition could allow Microsoft to &quot;extend unfair practices from browsers and operating systems to the Internet?&quot; and to &quot; take advantage of a PC software monopoly to unfairly limit the ability of consumers to freely access competitors&#39; email, IM, and web-based services?&quot;A report late Sunday in the online edition of The Wall Street Journal said Google CEO Eric Schmidt called Yahoo CEO Jerry Yang on Friday to offer help to the rival in thwarting the bid. The newspaper, which quoted people familiar with the matter, didn&#39;t provide details of the telephone call.Google has something to fear from a combined Microsoft and Yahoo. The proposed deal, which was announced on Friday and has Microsoft offering $44.6 billion for Yahoo, would combine the number two and three search engines. The two companies are also leaders in the areas of Web mail and instant messaging so a merger would provide stronger competition for Google in those areas.But Google has a massive lead in search and the deal wouldn&#39;t necessarily lead to an improvement in search results, so Microsoft and Yahoo would still face a challenge to surpass Google&#39;s current dominance in this part of the market.The Google statement got a quick response from Microsoft, which said a combination of the two companies would benefit Internet users by establishing a stronger number two competitor to Google.&quot;The alternative scenarios only lead to less competition on the Internet,&quot; said Microsoft&#39;s top-lawyer, General Counsel Brad Smith, in a statement.&quot;Microsoft is committed to openness, innovation, and the protection of privacy on the Internet. We believe that the combination of Microsoft and Yahoo! will advance these goals,&quot; Smith said.A merged company would still only account for about 30 percent of the search queries run in the U.S. and about 10 percent in Europe, he said.
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Analysis: The pairing gives Microsoft a needed outlet, but the outcome could quash Yahoo.
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Yahoo Inc  is  reportedly in talks with News Corp (NWSa.N) to combine their  Web properties, but Wall Street analysts rained scorn on the  likelihood of a deal that can fend off Microsoft Corp's   $42.1 billion bid for Yahoo.
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Yahoo Inc said it may take "quite a bit of time" to weigh its strategic options, including keeping the company independent, following Microsoft Corp's $45 billion offer to buy the company.
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By Michael Liedtke Associated Press  SAN FRANCISCO -- Yahoo Inc.'s recently resurgent stock retreated by more than 5 percent Friday amid fears that a setback in a lucrative partnership with AT&T Inc.
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Yahoo Inc  is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.