Investors and analysts dismissed a weekend report in The Telegraph that said Yahoo was in discussions with Facebook about a search deal, particularly after Facebook issued a statement denying any such talks.
"People expect a better search experience on Facebook. We are working on improvements to better meet those expectations but are not in talks to enter into a new search partnership," Facebook said in a statement on Monday.
Everybody hated the board, and they went through three or four CEOs quickly.
Still, analysts say that search represents one of the key opportunities that Mayer will focus on as she moves to revive Yahoo's fortunes. A 2010 deal struck by former CEO Bartz outsourced the back-end technology of Yahoo's search to Microsoft Corp, but deal has failed to deliver an expected boost to Yahoo's search advertising revenue.
"Certainly search could be resuscitated," said Gabelli & Company analyst Brett Harriss, who said Yahoo should be worth $26 a share based on a six-times multiple of its earnings before interest, taxes, depreciation and amortization.
"It was a disaster for a year and a half," said Harris. "Everybody hated the board, you had a while of transition where you went through three or four CEOs quickly."
Now, he said, there's finally a CEO "that investors can believe in."
-
DocuWare CEO Michael Berger on the company’s rapid growthNews ChannelPro sat down with DocuWare CEO Michael Berger to discuss the company's rapid growth and channel strategy.
-
Seized database helps Europol snare botnet customers in ‘Operation Endgame’ follow-up stingNews Europol has detained several people believed to be involved in a botnet operation as part of a follow-up to a major takedown last year.
-
Demis Hassabis: The man behind Google DeepMind commits to ethical AINews As DeepMind comes under Google's stewardship, we take a look at its leader and why he took the job
-
Mozilla re-hires veteran Mitchell Baker to serve as CEONews The interim chair and CEO formally rejoins the organisation after Chris Beard stepped down in December 2019
-
Google right to be forgotten rule extends to Bing & YahooNews The EU’s controversial right to be forgotten ruling against Google will now also apply to Yahoo and Bing
-
Firefox to switch default search engine from Google to YahooNews Mozilla signs five-year agreement with Yahoo
-
Russia dismantles Steve Jobs memorial after Tim Cook comes outNews A Steve Jobs memorial has been taken down after the current CEO announced he's gay
-
Google CEO calls on European governments to invest more in techNews Larry Page said European governments are not doing enough to develop technology
-
Google and Microsoft to discuss Right to be ForgottenNews The two tech companies have been invited alongside Yahoo to converse with EU privacy officials
-
iOS 8 abandons Yahoo weather appNews iOS 8 is to drop Yahoo for its weather app in favour of The Weather Channel
