| Microsoft and Yahoo Prepare to Battle Google |
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Yahoo made an acquisition and an investment today, which didn’t overshadow the fact that their quarterly profits took a 38% decline. They acknowledged that they face increased competition for online advertising dollars and thus announced plans to further invest in social media, Internet video and mobile access. Last month, Yahoo was reportedly in talks to acquire social networking website Facebook for $1 billion, but those talks went cold with speculation that Facebook is holding out for a higher offer. Google’s recent YouTube acquisition is just the latest in a series of stings to both Microsoft and Yahoo, leaving many to wonder whether they can compete with Google in the future. Google is everyone’s darling right now — companies would rather be acquired by them (News Corp. sent a letter to YouTube seeking to start talks, but never received a response) and individuals would rather be hired by them (Google recently nabbed Yahoo India’s CTO). Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily. Read more at: http://feeds.feedburner.com/~r/Techcrunch/~3/38444308/. |
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