Sunday, February 3, 2008

Google Yahoo Updates

Yahoo going for Google alliance?

Yahoo Inc (YHOO.O) would consider a business alliance with Google Inc (GOOG.O) as one way to rebuff a $44.6 billion takeover proposal by Microsoft, a source familiar with Yahoo's strategy said on Sunday.

In a memo to Yahoo employees on Friday, which was obtained by Reuters on Sunday, Yahoo leaders wrote:
"We want to emphasize that absolutely no decisions have been made -- and, despite what some people have tried to suggest, there's certainly no integration process underway."

Microsoft executives cited industry data showing Google has a 75 percent share of worldwide Web search revenue. Collectively, Yahoo and Microsoft attract around 20 percent of Web searches, Internet measurement firms show.

"Today, Google is the dominant search engine and advertising company on the Web," Smith said in replying to Google on Sunday. "Google has amassed about 75 percent of paid search revenues worldwide and its share continues to grow."

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