Microsoft-Yahoo deal faces tough scrutinyJuly 30th, 2009 WASHINGTON - Microsoft and Yahoo's blockbuster deal to form a 10-year partnership in Internet search and advertising is expected to face tough scrutiny with US authorities taking a hard look at consolidation in the hi-tech industry. Already, Congress has shown interest in the deal with Democrat Senator Herb Kohl, chairman of the Senate Judiciary Committee's antitrust subcommittee, saying the partnership "warrants our careful scrutiny".
Infosys to pick up most of IBM's support contract with Australia's TelstraMarch 24th, 2009 MELBOURNE - Bangalore-based software giant Infosys will pick up most of IBM Global Services' multi-million dollar applications support contract with Australian software giant Telstra, after the latter's deal with the former was scrapped following TELCO reducing its outsourcing partners from four to two. According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.
Yahoo, Microsoft reach search and ad partnershipJuly 29th, 2009 NEW YORK - Internet search firm Yahoo and software giant Microsoft have reached a 10-year deal in which they hope to tackle the online dominance of Google, media reports said Wednesday. Under the terms of the deal, Yahoo will use Microsoft's new search engine on its sites and handle some advertising sales for Microsoft.
Tech Mahindra to run Satyam as standalone unitApril 21st, 2009 Tech Mahindra Limited, which is taking over Satyamomputer Services Limited in a deal worth about 580 million dollars, has said that it would run the fraud-hit outsourcing firm as a standalone unit. Tech Mahindra said its immediate priority was to retain and win back lost clients of Satyam and the company intended to meet key customers across the world.
Microsoft-Yahoo deal draws antitrust probeSeptember 11th, 2009 SAN FRANCISCO - The US Department of Justice is looking into the advertising and search alliance between Microsoft and Yahoo, the companies said Friday. Yahoo and Microsoft, which trail a distant second and third respectively to Google in the internet search market, announced their deal in late July in a bid to combine forces and challenge the web giant.
Sistema Shyam may sell its IT infrastructure to IBMMay 21st, 2009 KOLKATA - Telecom operator Sistema Shyam Teleservices is planning to outsource a portion of its Internet infrastructure to global IT behemoth IBM, and hopes to sew up the deal some time next year, people aware of the development say. Sistema Shyam, a joint venture company between Russia's Sistema and India's Shyam group, plans to outsource 'a portion' of its IT infrastructure, an industry official told IANS requesting anonymity.
A chronology of events leading to Microsoft and Yahoo's Web advertising dealJuly 29th, 2009 Timeline: Microsoft, Yahoo's road to partnershipA chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:
Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
IBM in talks to buy Sun Microsystems: reportMarch 18th, 2009 SAN FRANCISCO - Technology giant IBM is in talks to buy rival Sun Microsystems for $6.5 billion, the Wall Street Journal reported Wednesday. The deal would represent the largest purchase ever by IBM and signal the company's determination to maintain a strong presence in the market for servers in the face of challenges from HP, Dell and Cisco.
Yahoo board shrinking to 11 directors with resignation of Maggie Wilderotter at year's endSeptember 25th, 2009 Yahoo director to step down at end of yearSUNNYVALE, Calif. — Yahoo Inc.
AP aiming for more lucrative deals with major Web sites as offline media slump worsensJune 17th, 2009 AP eyeing better deals with Internet heavyweights
The Associated Press hopes to negotiate more lucrative licensing deals with major Web sites while mining new revenue from advertisers and readers as the 163-year-old news cooperative adapts to Internet-driven changes in the media. Chief Executive Tom Curley touched upon the AP's financial priorities in a Tuesday interview after a meeting with employees in which he discussed possible revenue opportunities and initiatives to protect online content.
Illinois court allows iPCS' challenge of Sprint-Clearwire WiMax deal to go forwardMay 1st, 2009 Court rules for iPCS in Sprint WiMax fightKANSAS CITY, Mo. — An Illinois court is allowing a lawsuit to move forward that challenges Sprint Nextel's deal with Clearwire Corp.
Yahoo! reports loss but beats expectationsJanuary 27th, 2009 SAN FRANCISCO - Troubled Internet pioneer Yahoo! swung to a quarterly loss Tuesday because of severance pay and write downs on its European properties. Despite recording a $303 million loss in the fourth quarter, the company's results beat expectations as its revenues and operating profit held up well in the dire economic climate.
Offer from Russian investor puts value of at least $6.5 billion on FacebookJuly 13th, 2009 Offer puts value of at least $6.5B on FacebookNEW YORK — How much is Facebook worth? A Russian investment firm appears to put it at $6.5 billion to $10 billion. The investment group, Digital Sky Technologies, said Monday it will buy up to $100 million worth of Facebook shares from current and former employees.
At last Microsoft and Yahoo to shake hands and place ads togetherJuly 29th, 2009 At last it is happening; just when the the tech reporters were almost irritated with the rumors and rumors of rumors that Yahoo and Microsoft are kissing each other, they appear to have hugged. The big brother Microsoft has persuaded Yahoo to understand that if they have to beat Google, they better go together.
Microsoft opens Office 2010 for early testing, but keeps Web browser versions under wrapsJuly 13th, 2009 Microsoft opens early testing on Office 2010SEATTLE — Microsoft Corp. is giving a select group of technology-savvy testers an early peek at Office 2010, but it's still keeping Web-based versions of Word, Excel and its other go-to programs under wraps.