A month ago, we wrote about how the UK’s infamous “Snooper’s Charter” had been scuppered by Nick Clegg, the UK’s Deputy Prime Minister, a decision likely influenced by top internet companies such as Google, Facebook, and Twitter.
In less time than it takes for the average teenager to get bored, Yahoo has put its acquisition of blogging site Tumblr behind it and moved onto its next potential target, Hulu. A couple of years ago, when it was considering whether to become a listed company, Hulu was valued between US$1-2 billion. Yahoo’s rumoured bid, which lies somewhere between US$600 million to US$800 million, falls well short of that.
When Marissa Mayer took over control of Yahoo, the company was in trouble. They may have been one of the internet 1.0 pioneers, but they missed out on search, were left behind on email, and earned themselves a very bad reputation for dropping the ball with startups they take over. Now things are starting to look very different.
If anyone can turn around Yahoo!’s fortunes it is the ex-Googler Marissa Mayers