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Google has reportedly proposed a partnership with search rival Yahoo! in an effort to escape Microsoft’s $44.6 billion hostile takeover bid. It is understood that Google chief executive yesterday telephoned Yahoo! founder Jerry Yang to propose working together. A partnership between the two could see Yahoo! outsource its search and advertising functions to Google while… Continue reading Google Proposes Yahoo! Partnership

News Corp has announced second quarter pre-tax profits of $1.39 billion (£705 million), up 9.2% year on year. The Murdoch media empire grew in all but two of its eight operating divisions, filmed entertainment and television. Group revenues grew 9.5% year-on-year to $8.59 billion, with cable network programming revenues up by a third to $1.24… Continue reading News Corp Profits Up In Q2

Naked Communications has been acquired by Australian marketing services company Photon with an initial cash payment of A$36 million (US$33 million). Photon has acquired 100% control of Naked, in a deal involving a four-year performance-based earn-out package for the agency’s founders. Naked was founded in the UK in 2000 and operates in the US, Australia,… Continue reading Photon Acquires Naked

Google has said that Microsoft’s $44.6 billion bid for Yahoo! raises “troubling questions” about the underlying principles of the internet.Writing on the official Google blog, David Drummond, Google’s chief legal officer, said that “Microsoft plus Yahoo! equals an overwhelming share of instant messaging and web email accounts. And between them, the two companies operate the… Continue reading Google Raises Competition Questions Over Microsoft/Yahoo! Deal

Last week was jam-packed with city news, as Microsoft announced that it was making a bid for Yahoo! and the government decided that Sky must reduce its stake in ITV.On Friday it was revealed that Microsoft had launched a $44.6 billion takeover bid to buy Yahoo!, saying that it is confident of delivering up to… Continue reading Media In The City: Microsoft Makes Move On Yahoo!

Google has raised objections to Microsoft’s $44.6 billion bid for Yahoo!, saying that a takeover would create a business with an overwhelming share of online communications services of web-based email and instant messaging. Writing on the official Google blog, David Drummond, Google’s chief legal officer, said that “Microsoft plus Yahoo! equals an overwhelming share of… Continue reading Google Raises Objections To Microsoft/Yahoo! Deal

ITV’s share price rose almost 4% this morning following weekend reports that three private equity firms could be considering a £3 billion bid. Private equity groups Apex, KKR and Provident are all believed to be considering an offer of around 100p a share, according to a report in the Observer. ITV’s share price reached 79.50p… Continue reading ITV Shares Rise Following Bid Report

Microsoft has launched a $44.6 billion takeover bid to buy Yahoo!, saying that it is confident of delivering up to $1 billion in cost savings under the terms of the proposed deal.According to a report on TimesOnline, Goldman Sachs is advising Microsoft on the deal.If it were to go through, the deal would be one… Continue reading Microsoft Offers To Buy Yahoo! For $44.6bn

Microsoft has launched a $44.6 billion takeover bid to buy Yahoo!, saying that it is confident of delivering up to $1 billion in cost savings under the terms of the proposed deal. According to a report on TimesOnline, Goldman Sachs is advising Microsoft on the deal. If it were to go through, the deal would… Continue reading Microsoft Bids $44.6bn For Yahoo!

Google has reported 13% growth in fourth quarter profits, to $1.2 billion, with the number of paid clicks on advertisements up by 30% year on year. For the full year 2007, Google said that its profits were up 40% to $4.2 billion. Revenues from the UK totaled $692 million, representing 14% of revenue in the… Continue reading Google Announces 13% Growth In Q4 Profits