Yahoo! Inc: Key Developments
MODAVOX INC. Files Patent Infringement Lawsuit Against Yahoo! Inc.
November 17, 2009 |
| MODAVOX INC. announced that it has filed a Complaint in the United States District Court for the Northern District of California, asserting two Causes of Action against Yahoo! Inc. for Patent Infringement related to Modavox owned United States Patent No. 6,594,691 (Method and System for Adding Function to a Web Page) and United States Patent No. 7,269,636 (Method and Code Module For Adding Function to a Web Page). Modavox's Complaint specifically asserts that Yahoo! Inc. has operated a business for profit that uses Modavox's technology claimed and described in the '691 and '636 Patents without having sought or received Modavox's authorization to use its patented technology. Modavox's Complaint alleges that Modavox has suffered irreparable harm as a result of the alleged infringement and thus seeks preliminary and permanent injunctions against Yahoo! Inc. to prevent Yahoo! Inc. from making, using, selling and offering for sale any products or services which infringe the '691 or '636 Patents, or otherwise inducing or contributing to the alleged infringement. Modavox's Complaint also seeks monetary damages in an amount to be determined at trial, but in no event less than a reasonable royalty, to compensate Modavox for Yahoo! Inc.'s alleged infringement, as well as a finding that Yahoo! Inc.'s infringement was willful and deliberate, which finding could entitle Modavox to up to three-times actual damages. |
Microsoft Corp. Eyes Yahoo! Inc. Partnership Outside U.S-Reuters
November 5, 2009 |
| Reuters reported that Microsoft Corp. said it could look to extend its search engine partnership with Yahoo! Inc. outside the United States, if it gets regulatory approval. Earlier this year Microsoft Corp. and Yahoo! Inc. signed a 10 year Web search partnership, a pact that U.S. and European antitrust regulators are evaluating. |
Yahoo! Inc. Teams With OneRiot On Real Time Search-Reuters
November 3, 2009 |
| Reuters reported that Yahoo! Inc., looking to match rivals in providing up-to-the-minute internet search results, is running tests with several real-time search partners. Among the companies providing real-time results to Yahoo on a trial basis is OneRiot, whose data will be available initially to about 10% of Yahoo's users. Yahoo's deal with OneRiot, first reported by the Wall Street Journal, does not include any revenue sharing elements. |
Carl Icahn Quits Yahoo! Inc. Board-Reuters
October 24, 2009 |
| Reuters reported that Carl Icahn gave up his seat on the Yahoo! Inc. Board of Directors. A Yahoo spokeswoman said there were no immediate plans to find a replacement for Icahn, and that the Board would operate with 11 Directors for the time being. |
Yahoo! Inc. Issues Q4 2009 Outlook; EBITDA Outlook In Line With Analysts' Estimates
October 20, 2009 |
| Yahoo! Inc. announced that for the fourth quarter of 2009, it expects GAAP revenue to be in the range of $1.600 to $1.700 billion, non-GAAP operating income before depreciation, amortization, and stock-based compensation expense to be in the range of $400 to $450 million and income from operations to be in the range of $135 to $155 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $433 million for the same period. |
Eolas Technologies Inc. Files Infringement Lawsuit Against Yahoo! Inc. And Others
October 6, 2009 |
| Eolas Technologies Inc. announced a Texas federal lawsuit filed to assert the company's intellectual property rights based on two patents, including one that has passed two separate reexaminations at the United States Patent and Trademark Office (USPTO) and resulted in a $565 million federal court judgment in 2004. The lawsuit, filed in the U.S. District Court for the Eastern District of Texas, includes claims related to two Eolas patents, U.S. Patent No. 5,838,906 (906 Patent) and U.S. Patent No. 7,599,985 (985 Patent). The companies named as defendants include Adobe Systems, Amazon.com; Apple Inc.; Argosy Publishing Inc.; Blockbuster Inc. ; CDW Corp.; Citigroup Inc.; eBay Inc.; Frito-Lay Inc. (a subsidiary of Purchase, PepsiCo Inc.); The Go Daddy Group Inc.; Google Inc.; J.C. Penney Co. Inc.; JPMorgan Chase & Co.; New Frontier Media Inc.; Office Depot Inc.; Perot Systems Corp.; Playboy Enterprises International Inc.; Rent-A-Center Inc.; Staples, Inc.; Sun Microsystems Inc.; Texas Instruments ; Yahoo! Inc.; and YouTube LLC, a subsidiary of Google Inc. |
Yahoo! Inc. Sells $150 Million Shares Of Alibaba.com Limited-Reuters
September 14, 2009 |
| Reuters reported that Yahoo! Inc. is selling its entire 1.14% stake in Alibaba.com Limited for about $150 million. Yahoo still holds a 40% stake in the unlisted parent company, Alibaba Group. Yahoo! Inc. is selling 57.48 million shares of Alibaba.com at HKD19.80-20.30 each, according to a term sheet obtained by Reuters. |
Yahoo! Inc. Signs Definitive Agreement To Acquire Maktoob.com
August 25, 2009 |
| Yahoo! Inc. announced that it has entered into a definitive agreement to acquire Maktoob.com, the online community in the Arab world, with more than 16.5 million unique users. Following the acquisition, Maktoob.com will become a wholly owned subsidiary of Yahoo!. Upon completion of the deal, the remaining Maktoob Group companies - including Souq.com, cashU.com, Araby.com, and Tahadi.com - will operate under a new entity called the Jabbar Internet Group, managed by Samih Toukan. Yahoo! and the Jabbar Internet Group will continue to have a commercial relationship going forward, which will include the promotion of Jabbar companies on the Maktoob.com portal. Financial terms were not disclosed. |
Yahoo! Inc. Wins Us Court Ruling Over Webcasting Fees Against Sony Corp's BMG Music-Reuters
August 23, 2009 |
| Reuters reported that a federal appeals court in New York ruled that a Yahoo! Inc. Internet radio service is not required to pay fees to copyright holders of songs it plays, a defeat for Sony Corp's BMG Music. The U.S. Second Circuit Court of Appeals upheld a 2007 jury verdict that Launchcast, a webcasting service run by Yahoo's Launch Media Inc unit, did not give listeners enough control to be an interactive service that would require the fees. The three-judge panel said the service is required only to pay licensing fees set by SoundExchange, a nonprofit that collects royalties on sound recordings. It was the first federal appeals court to decide the issue. Other recording companies involved in the case included Capitol Records Inc, Motown Records Co and Virgin Records America Inc, among others, court papers show. |
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