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Suntasia Settles For $50 Million The Federal Trade Commission announced Tuesday that 14 defendants of Suntasia Marketing Inc. agreed to pay $16 million to settle charges. With an additional $33 million from another settlement, the total restitution will be nearly $50 million. ...more
January 14, 2009
In the world of business and antitrust law, big is not necessarily bad or illegal. But alarm bells went off when Google and Yahoo, the top two players in the search advertising market, decided to join forces. The Justice Department was right to challenge that proposal, which the companies have since withdrawn. A possible casualty: Yahoo CEO Jerry Yang. ...more
November 23, 2008
Yahoo Inc. co-founder Jerry Yang is stepping down as chief executive, ending a rocky reign marked by his refusal to sell the Internet company to Microsoft Corp. for $47.5 billion - more than triple Yahoo's current market value. ...more
November 17, 2008
Yahoo is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor. ...more
August 6, 2008
What was expected to be a firestorm of shareholder fury fizzled into a mundane annual meeting for Yahoo on Friday, despite lingering disappointment among some shareholders about a failed merger with Microsoft that could have been worth $47.5 billion. ...more
August 2, 2008
Yahoo's recent truce that will put investor Carl Icahn on the board of directors didn't pacify many shareholders who remain on the warpath heading into the company's annual meeting today. ...more
August 1, 2008
Yahoo averted a showdown with rabble-rousing investor Carl Icahn on Monday by giving him three seats on its board of directors in a truce that still leaves the door open for a possible sale to Microsoft. ...more
July 22, 2008
News Corp. Chairman Rupert Murdoch said his media conglomerate is "very unlikely" to be a part of any deal for Yahoo Inc., scuttling talk that Microsoft Corp. was making headway in enlisting the media mogul as part of a deal to break up the Internet search company. ...more
July 12, 2008
Microsoft Corp. threw its weight behind investor Carl Icahn's effort to oust Yahoo Inc.'s board next month, saying Monday that a successful rebellion would encourage the software maker to renew its takeover bid for Yahoo or negotiate another multibillion-dollar deal. ...more
July 8, 2008
Unable to strike a deal on its own, Microsoft Corp. reportedly is hoping to snap up Yahoo's online search operations with the help of News Corp. and Time Warner Inc. ...more
July 3, 2008
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