Posted on May 21, 2009 at 12:09 PM
Filed under: Acquisitions | Corporate Strategy | Growth Strategy | Joint Ventures and Alliances
Tagged: Ari Balogh , Google , Microsoft , Yahoo!

[ Share ]  [ E-mail ]  [ Leave a Comment ]

Yahoo! Inc. (NASDAQ:YHOO) has long said it needs to do more to tap into social networking. Chief technology officer Ari Balogh, at the the Reuters Global Technology Summit, said, "It's a good time to be buying now."

Reuters noted that Balogh said Yahoo! has had conversations with companies about partnerships and "more interesting" possibilities, such as on building out its platform and basic computing in addition to search.

Google Inc. (NASDAQ:GOOG) dominates the Web search market and keeps gaining market share, so Yahoo! will have a tough time there. But trying to offer a better user experience on its site by using social networking techniques seems like a smaller wall to scale in comparison. In December, Google formed an alliance with MySpace Inc. And two years ago, Microsoft Corp. (NASDAQ:MSFT) made a $240 million investment in Facebook Inc.

Reuters quoted Balogh as saying, "I can guarantee you there will be some acquisitions, and we will do some stuff in-house."

And, of course, it's not an official Yahoo! blog if we don't mention that it and Microsoft are talking about a possible deal. It has been said that they could partner on search or that Microsoft could buy that business. - Baz Hiralal

Go to the story


Join Corporate Dealmaker's LinkedIn forum

Also From Corporate Dealmaker

• Dell drives in IT services as PC slump deepens
• Proxy prelim: CF wins Terra board seats
• Deal Economy 2010: Avaya's Ali on digesting Nortel
• Disney, Microsoft, Abbott Labs win M&A awards
• Car czar says GM IPO could happen in 2010

Corporate Dealmaker Home Page

From TheDeal.com

• Hershey cleared to dine on Cadbury
• Deal Stocks: GS, DELL, CBY, HSY, GE, CMCSA
• GSI Group goes under
• Should MetroPCS take a Leap?
• The Deal Economy 2010: Avaya's Ali on digesting Nortel

TheDeal.com Home

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.