Computer Business Review
Yahoo Corp, the Mountain View Internet services company best known for its Internet directory, sold stakes totalling 12% in itself in its latest fund-raising exercise, which saw Reuters Holdings Plc taking nearly 21% of the shares on offer (CI No 2,803). Reuters and Yahoo are not talking money, but Softbank Corp revealed that it paid $2m for a 5% stake in the round, so it looks as if Reuters paid $1m and that the total raised was $4.8m. Sequoia Capital, Canadian company Open Text Corp, and the Capital Corp put up the rest of the cash. Reuters extended its news supply commitment to Yahoo through to the end of 1999.Yahoo claims its World Wide Web site is visited by some 600,000 users per day and is among the most popular sites on the Web.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
Trending on CBR
Winning the PCI Compliance Battle
This white paper reviews the basics of PCI, including who must comply, compliance requirements, validation requirements and penalties. It also...
Managing global websites
Localisation, a never ending story. This whitepaper provides examples about how organisations can use blueprinting technology to achieve a smooth...
The Critical Role of Data Loss Prevention in Governance, Risk and Compliance
The regulatory environment means that monitoring what information leaves your organization is as vital as protecting it from external attacks....
Have global enterprises EMBRACED THE CLOUD?
NTT Communications recently commissioned a survey with nearly 1,600 ICT decision makers from across the US and Europe. Their insights are included...
SDL Tridion - Web Content Management Solutions
SDL Tridion is a global leader in Web Content Management (WCM) solutions.
The Neverfail Group is dedicated to creating a world where business applications are continuously available. High Availability, Disaster Recovery...
Webroot - Security Solutions
Webroot provides industry leading security solutions for consumers, enterprises and small and medium businesses worldwide.
Absolute Software - Security Solutions for Mobile Computers and Smartphones
Absolute® Software specialises in technology and services for the management and security of mobile computers and smartphones.