Everyone had high hopes for Yahoo when Marissa Mayer became the company’s CEO back in 2012, but that hope has long since given way to resignation, as it’s become abundantly clear that Yahoo isn’t going to be able to turn things around. However, even though Yahoo’s own employees are waiting for its inevitable demise, the company has refused… Continue reading Yahoo may have finally accepted its fate
Category: Business
Sharp has agreed to sell most of itself to Foxconn
Despite the Japanese government’s insistence that Sharp remain in the hands of Japanese owners, rather than being taken over by a foreign company, Sharp has agreed to sell more than 66% of its voting stock to Foxconn for ¥489 billion ($4.34 billion). The Taiwanese company will also spend another ¥200 billion ($1.78 billion) to acquire shares held by Sharp’s lenders, however, the… Continue reading Sharp has agreed to sell most of itself to Foxconn
Pandora might be looking for a company to sell itself to
Pandora may be the largest Internet radio service in the world, but that doesn’t mean all that much considering how it’s music-streaming services like Spotify that have been getting all the attention in recent years. That isn’t to say Pandora is a failure, because it still has a market value of $1.8, but that’s a… Continue reading Pandora might be looking for a company to sell itself to
GitHub is having something of a civil war at the moment
It looks like all is not well inside GitHub at the moment, as two factions within the company are fighting over which direction to take it, and the fighting has resulted in a number of key executives departing. According to reports from both Business Insider and The Information on Thursday, many people within the company want to… Continue reading GitHub is having something of a civil war at the moment
Cisco is spending $1.4 billion to begin its Internet of Things expansion
Expanding into the emerging Internet of Things market shouldn’t be too hard for Cisco considering how it’s the largest manufacturer of networking equipment in the world, but that doesn’t mean it needs to go through the trouble of building a new business from scratch. Instead, the company has decided to acquire a California-based startup by the name of… Continue reading Cisco is spending $1.4 billion to begin its Internet of Things expansion
Marissa Mayer has written a kill list for Yahoo’s employees
The fate of Yahoo’s employees is being determined by where they are on the new kill list that CEO Marissa Mayer has written up, though I’m sure many of them wouldn’t mind getting fired at this point. The list is the basis for the company’s current restructuring efforts, and it’s really pretty simple: Yahoo wants… Continue reading Marissa Mayer has written a kill list for Yahoo’s employees
Circuit City is coming back from the dead with a new strategy
The deaths of Circuit City and RadioShack have painted a grim picture of the future of electronics retailers like Best Buy, but it’s not all doom and gloom. For starters, RadioShack won’t be dying off entirely, and as Twice Magazine reported on Tuesday, Circuit City is actually preparing to make a comeback. Ronny Shmoel is the… Continue reading Circuit City is coming back from the dead with a new strategy
Yahoo turned down numerous acquisition offers this month
Most people have lost all hope that Yahoo will be able to turn things around, including many of its own employees, but it looks like the company still has no intention of selling off its assets. Sure, it’s willing to lay off about 10% of its workforce, but according to Reuters, the company is so adamant… Continue reading Yahoo turned down numerous acquisition offers this month
Foxconn has reportedly offered to acquire Sharp for $5.31 billion
To say that Sharp isn’t doing too well would be a massive understatement. The electronics maker had to receive a ¥225 billion ($1.91 billion) bailout from the Japanese government in order to combat its massive losses last year, but that was only a temporary solution, and it looks like the end may be near for the… Continue reading Foxconn has reportedly offered to acquire Sharp for $5.31 billion
General Motors has absorbed one of Uber’s fallen competitors
Remember a few weeks back when Sidecar announced that it’ll no longer be competing with the likes of Lyft and Uber, and will be exiting the ride-sharing market? Well, most of the assets and technology that belonged to the company has apparently been acquired by General Motors, which has expressed a lot of interest in… Continue reading General Motors has absorbed one of Uber’s fallen competitors