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.
GET CBR'S DAILY MORNING UPDATE
Unable to register now
Trending on CBR
Data Quality Essentials: A Project Manager's Guide to Data Quality
This paper is aimed at project managers and describes the step-by-step process for implementing data quality as part of a project. While...
The Service Optimisation Challenge White Paper
One of the greatest challenges in service optimisation is increasing customer service levels while reducing operational costs. It is often...
Storage Economics: Four Principles for Reducing Total Cost of Ownership
Difficult economic times require new perspectives and strategies for reducing the cost of storage infrastructure. The past several years of IT...
This paper examines the ways in which organisations can tap into Web 2.0 interaction as part of the marketing strategy and tactics to create...
BCS - Enabling the Information Society
Established in 1957, BCS, The Chartered Institute for IT, promotes wider social and economic progress through the advancement of information...
Mimecast is a rapidly expanding Software as a Service (SAAS) company. We provide an online technology platform that radically improves the way...
The way applications are built today has fundamentally changed. A new generation of application performance management (APM) is required. dynaTrace...
Hitachi Data Systems - Storage Economics
Storage economics presents a major shift in the way companies assess their storage requirements and investment returns, from one focused on capital...