Wednesday, November 09, 2005

Yahoo buys out stakes globally

In an effort to compete with Google globally, Yahoo has bought stakes in its operations in Germany, Britain, France and South Korea. Yahoo's global business rose 50 percent, to $228.5 million, compared with a 40 percent rise in U.S. sales, to $703.6 million. The search engines' global battle continues and the stakes are high. dt

Yahoo steps up battle overseas with Google
By Dan Bilefsky International Herald Tribune

PARIS A move by Yahoo to buy out the stakes it does not already own in its British, German, French and South Korean units is aimed at reducing its dependence on the U.S. market and better competing with its archrival among Internet search engines, Google.

Yahoo announced on Monday that it would pay $500 million to buy out the stakes.

eXTReMe Tracker