IRS declined to bless Yahoo's planned tax-free Alibaba spin-off, sending its shares down about 4%. According to Business Insider, Yahoo owns 384 million shares of Chinese tech giant Alibaba, which is worth $23 billion. Yahoo plans to turn that into a separate company with its small-business unit in a tax-free transaction that allows it to give much of the value back to Yahoo shareholders. However, IRS declined to grant Yahoo's request. It doesn't mean the IRS rejected Yahoo's plan directly. IRS is simply telling Yahoo it can't be too confident about the approval of the deal.
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Yahoo investor calls for firing 9,000 workers and replace CEO
SpringOwl Asset Management managing director Eric Jackson recommends Yahoo to replace CEO Marissa Mayer and cut 9,000 of its workforce.
Yahoo! Mail now allows Gmail accounts access
Two months before, Yahoo declared a new Yahoo Mail app which supports Hotmail, AOL and Outlook accounts. Now, Gmail has joined too. Yahoo Mail is also best email service provider like Gmail or Hotmail. But recently Yahoo has added new features.
Verizon considers buying Yahoo's internet business
Buying Yahoo seems to be a pretty good option for Verizon, as apparently wants to be an owner of all the old school internet portals. According to Reuters, Verizon Communications Inc is the No. 1 U.S. wireless carrier company. On December 7, its finance chief, Fran Shammo revealed that they have a deep interest in purchasing Yahoo Inc's core business.
Marc Andreessen sold $160 million worth of his Facebook Shares
Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
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Online publication BuzzFeed announced on Tuesday that NBCUniversal agreed to invest $200M for the website to expand on movies and TV.
In an interview, the CEO of $2.4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.
Yahoo has revealed that it has spent more than $1 million dollars for security researchers participating in their Bug Bounty Program.
Popular news-reading app Flipboard has raised $50 million from a sole investor to boost manpower and infrastructure, reports say.
Yahoo's official launch of its daily fantasy sports league has stirred a joyful gush of excitement among the millions of fantasy users across the world. Yahoo Sports has been a leader in entertaining their fans with highly engaging sports updates, news, events and mainly sports fantasy contests and appealing prizes.
Fans of “Community” are still waiting if the #AndAMovie hashtag will one day come true. Yahoo already expressed their willingness to do it and so did Joel McHale. Even though a movie is more likely to happen than season 7, Creator Dan Harmon said he wants to miss the show first before he can actually write a script.
‘Community’ Season 6 felt like the end of the series.Joel McHale is certain about movie spinoff Many fans would agree that 'Community' Season 6 was different than the previous episodes.
“Community” season 7 is still on the television purgatory since Yahoo has not yet confirm anything. Yet there are talks that the Internet giant and Sony Pictures are willing to translate the series into the big screen. Joel McHale expressed his willingness to do the movie if Dan Harmon decides to write a script.
Will “The Following” get an online revival like the other shows that were axed by their mother networks? There are still no talks about the show’s possible online crossover but if given a chance, there are still a lot of stories that can be told now that Ryan Hardy becomes a rogue.
