Yahoo has more options than sale of company

23 October 2011

The comments come as Jack Ma, chief executive officer of Alibaba Group Holding Ltd, China’s biggest e-commerce company, reiterated today he is “interested” in buying Yahoo and is awaiting a decision by the Sunnyvale, California-based company.

Yahoo! Inc., the US Web portal exploring strategic options after firing Chief Executive Officer Carol Bartz last month, isn’t necessarily up for sale, co- founder Jerry Yang said.

“The intent going in is not to put ourselves up for sale,” Yang said at the All Things Digital Asia conference in Hong Kong today. “The intent is to look at all options. There’s plenty of options for the board, and plenty of options for our shareholders to realize value.”

The comments come as Jack Ma, chief executive officer of Alibaba Group Holding Ltd, China’s biggest e-commerce company, reiterated today he is “interested” in buying Yahoo and is awaiting a decision by the Sunnyvale, California-based company. Yahoo ousted Bartz after the Web portal failed to keep pace with growth at Google Inc. (GOOG) and Facebook Inc.

Since then “multiple parties” have expressed interest in the company, according to a memo last month by Yang. When Yang was CEO in 2008, Yahoo spurned a $47.5 billion offer by Microsoft Corp. (MSFT) Yahoo now has a market value of $20 billion.

The US Internet company has “plenty of options” and its board is “excited” about the ongoing review, Yang said today.

“We’re waiting for Yahoo’s board to tell us what they want to do,” Jack Ma said at the same venue within hours of Yang’s speech. “We’re waiting for answers. If we don’t do it soon, it’s not good for all of us.”

Crowded Field

The intentions of Yahoo, rather than financing, present the biggest problem for Alibaba’s plans to acquire the US company, Ma said.

Alibaba is working with private-equity firms on Yahoo, Ma said without elaborating. Yahoo has drawn an increasingly crowded field of potential bidders for the company. KKR & Co. and Blackstone Group LP are among the private-equity firms considering possible bids for Yahoo, according to people with knowledge of the matter.

In addition, Alibaba Group, whose biggest shareholder is Yahoo, has discussed a plan with Silver Lake and Russia’s Digital Sky Technologies to make a joint bid, people familiar with the matter have said. Another group that is interested in a possible offer includes Providence Equity Partners Inc. and former News Corp. executive Peter Chernin, people said.

Silver Lake is working with Canada Pension Plan Investment Board and Microsoft to put together a proposal to buy Yahoo, the Wall Street Journal reported on its website today, citing people familiar with the matter it didn’t identify.

Alibaba Collaboration

Linda Sims, spokeswoman for Canada Pension in Ontario, and Dana Lengkeek, a spokeswoman for Yahoo, didn’t respond to voice messages left after hours seeking comment on the report.

Yahoo’s collaboration with Alibaba is continuing and that remains unaffected by the strategic review, Yahoo Asia Managing Director Rose Tsou said at the same event in Hong Kong.

In 2005, Alibaba Group sold a stake of about 40% to Yahoo for $1 billion and ownership of Yahoo’s Chinese unit. The Hangzhou-based company now operates e-commerce businesses including Alibaba.com and Taobao.com, in addition to Yahoo’s local website.

Alibaba is the “main driving force” for action on Yahoo and the company is “ready to buy back” Yahoo’s stake, Ma said.

“The board is actively looking at the full range of options available to return the company to a path of robust growth and industry-leading innovation,” interim CEO Tim Morse said on a conference call earlier this week.

Yahoo recently agreed to extend a revenue-per-search pact with Microsoft in the US and Canada through 2013. The accord had been set to run out in the first quarter of next year.

Microsoft may have concerns about its search-engine partnership, Yang said today. The alliance “may not have gone the way they wanted,” Yang said without elaborating.

Internet Explore

31 January 2010

Internet Explorer 8 addresses just about all of the major concerns that users and critics have had with the world's most used browser. Whether they get answered in a way you like is another matter.

There are several new and interesting features. Web Slices lets you save predefined sections of a Web page for at-a-glance viewing. Instead of going to a traffic Web site for updates, the latest commuting news comes to you. Similarly, Accelerators make repetitive tasks one-click behaviors, for instance finding directions or blogging. InPrivate browsing introduces a cache and history on-off switch, while related tabs are color-coded and automatically reorganized as you open them. There's also tab sandboxing, which means that when a tab crashes, IE itself won't, and it even tries to resurrect the page that crashed.

There's a greater emphasis on Web standards and security than before. The SmartScreen and cross-site scripting filters throw up a red warning page when you're about to visit an unsafe site. There's also domain highlighting, which grays out the name of the URL you're looking at except for the domain itself. This sounds simple, but effectively draws attention to spoofed site URLs. There's also a compatibility button so that sites designed specifically for IE 7 and earlier can still be viewed.

IE 8 lacks a default "smart" location bar that many other browsers have, but you can search your history and most visited pages from there. Also, the installation process still requires a reboot--unimpressive, to say the least. Drawbacks aside, there's no reason to not upgrade if you're an old fan of IE, and there's even a few things in IE 8 for new users.