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07-Jul-2017 16:11

Three years later Yahoo had a market capitalization of .24 billion.In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.Tumblr's CEO and founder David Karp would remain a large shareholder.

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The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo! was the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2016.



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