Struggling search company Yahoo has a new chief executive, with Terry Semel stepping down after six years on the job, while Jerry Yang is stepping up to lead the company he co-founded in 1994.
Seven Network and Yahoo will combine their online, mobile and IPTV businesses in a new joint venture spanning Australia and New Zealand.
The troubled Web giant used to be known for its innovative ways. To find a way to a brighter future, it could benefit from looking at its past.
Microsoft went public on Friday with a US$44.6 billion cash-and-stock bid to acquire Yahoo.
Yahoo announced on Monday its plan to buy search company Overture Services in a US$1.63 billion deal, bolstering its position against rivals Google and Microsoft in the booming market for Web search advertising.
The Web portal's plan to become a major Internet content player is treading water, despite its Hollywood credentials.
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