Yahoo and Google will make a joint announcement at 1:30 California time this afternoon, we’ve heard from a reliable source close to one of the companies. What is the announcement? The very likely answer is, a search partnership between the two companies that outsources all or part of Yahoo search marketing, and possibly search itself, to Google.
The two companies announced they’d test a search partnership in April. The controversial deal got the attention of Congress and others, but preliminary tests of the partnership were reported as positive. We’ve argued that a competitive search market is needed for a healthy Internet.
Update: everything I’m hearing says that the companies will be announcing a search partnership of some sort at 1:30. Since we’re talking about public companies here, I want to stress that this has not been confirmed by either Yahoo or Google at this point.
Update 2: Another source is saying that Yahoo will also announce the departure of another executive at 1:30 this afternoon. We don’t know who it is, but we’re hearing that it is NOT an announcement around Jeff Weiner’s departure.
Update 3: Yahoo’s stock is down sharply based on this story and a follow up by Reuters, and what looks to be the final collapse of talks with Microsoft.
Update 4: We are still waiting for the announcement.
Update 5: (3:16 PM) The announcement has been made. Details here, as well as our analysis and notes from the related conference call.
first!
Michael, why did the previous post get taken down about iPhone video?
Can someone say monopoly?
hai i can change our yahoo logo?
so please help me >
Interesting. I hope YHOO stock goes back up on this announcement.
If Google buys out Yahoo, it might just be the most powerful company on the internets!
What will Microsoft think? And Carl Icahn?
We need Google to have less power … not more. Yikes!
So how exactly is the announcement coming over the wire?
Email? Web? Phone? CrunchESP?
Timezone? I assume PST. But if it’s what think, doesn’t that spell bad bad news for MSFT, and for anyone who wants a serious alternate to Google.com?
Does anyone know where I can find a live newsfeed of this so I can watch it in real time?
Steve, just whip out your money clip and buy Jerry outright. Put him out of his misery already.
Better! Faster! Stronger! It’s the new Googhoo.
Time to buy YHOO stock.
I would think this would be worth $2 of upside to Yahoo today..any thoughts?
And this is how a company ends, not with a bang or a whisper, but a press conference…
Not exactly sure how this is going to play out. But it would be giving over a large portion of assets over to Google, so I would expect either a serious shift in labor or a lot of outright cuts. This is either a very smart or very bad play by Yahoo to bail the ship out. Only time will tell (and analysts, but I doubt many can honestly seefarhter than a couple years into the future).
There will always be other search engines. It will give them a big market share but so does MS on desktops and you don’t see Apple and Linux giving up.
Agree only time will tell if this was the right choice. Sad story
There is no stoping skynet, er I mean Google.
We will live in the “Cloud”, all your data will be part of Googles Global Algorithm. Google will have enough information to become self aware!
We will have the big switch! ALL PRAISE GOOGLE!
I hope its only paid search
will kill my sales if it effects organic listings.
Bad news.
Buy Google now!
In this environment they are dreaming if they the government will let this go through.
I don’t think search outsource is possible. This is base for Yahoo.
very bad news
It helps the user community a lot.
Best of the Web.
Mail From Yahoo
Search from Google.
I wonder how people will search their Yahoo mail, it might still use “Yahoo” search. Or yahoo will buy Google Appliance to do that
I would say time to buy yahoo
Cheers, Nag
Its a bad news both for Yahoo and MS.
I know it sounds weird but why is MS not trying to buy Google?
I heard M$ crying
hmm now i want to know what is going on
Thanks for the info Michael!
If this really is a hook-up with the big two search giants – you can expect to see two things:
1. The cost of internet advertising will go through the roof!
2. As a result, the cost of EVERYTHING YOU BUY ONLINE will go up too!
Jim Connolly
The Tech News Blog
This sucks! I was really hoping for M$ to take over Yahoo and give Google some competition. The internet is becoming Google.
This is so crazy. Someone help me understand……
Yahoo management doesn’t want to sell to MSFT because its still wans to be an independent company or get a overly high valuation (is it greed or pride motivation?)
So instead it undercuts its primary value proposition and now is no more than an ad distribution network for Google? What is Yahoo now, an average email provider, a bad music network, broad news and entertainment portal that really offers no direct voice, just aggregates.
Should’ve taken any offer from MSFT. While the stock and profits near term may jump, its core value is not retained, and its value will collapse. I predict Google buys them in 12-18 months for under $15 a share without any drama calling it a monopoly because Yahoo’s market reach will be so small by then.
YHOO takin a tumble
I really appreciate the the competition in the market place. ummmmmm thanks?
Suck it, Carl Icahn.
I have to agree with Icahn here. This looks to be motivated purely by Yang’s hatred of Microsoft and his affinity for the Google guys.
Its such an obvious bad move. Yahoo is guaranteed to die a slow death by giving up its Search to Google – the shareholders might get a short term increase in valuation due to the spike in revenues. But what’s to stop Google from squeezing Yahoo once its got he business?
A very naive option, if this is true.
@25
Russoue, Google’s two founders personally own about a third of the company. And they have a special class of stock that has more voting power, so they effectively have total control of the company. Microsoft could offer any amount, and Google wouldn’t have to pay them any attention.
Google started out by powering Yahoo! That, and the obscene quickness, is what helped them dominate.
I don’t quite understand why if Yahoo! signs up with them again, to get the best engine on the ‘net, anyone (esp. the DOJ) gives a shit.
This is really soooo sad. Horrible news for the entire internet economy. The complete capitulation by Yahoo means competition for rev share is over for publishers, which means fewer dollars for start-ups and thus a real slow-down. This is awful news for everyone except google, and (hopefully) antitrust lawyers
Something is not good
So SAD…. Microsoft
Bad for Yahoo? Probably not. Bad for the Internet? Definitely.
this is news to me- what time zone is this happening in?
if a Yahoo-Google ad merger went through expect your CTR to drop like a rock and your CPC to rocket upward. I stopped advertising on Yahoo months ago
russoue-are you kidding me? MS doesn’t have that kind of money.
Today also marks the day that two key engineers announced a departure. Two guys who are public faces and active evangelists within the organization. Jeremy Zawodny and JR Conlin.
JR’s announcement here:
http://blog.uni...-las-sunnyvale/
Jeremy’s here:
http://jeremy.z...ves/010336.html
All you are search belong to us!
Yahoo gets ready for a date act 1 scene 3
If microsoft calls I am washing my hair!! {to self: I hope Google calls, OMG I hope Google calls, why hasn’t Google called me I’m attractive}
cue music
CURTAIN!
Intermission
You f*ckin suck you ying-yang-ding-dang. Open YOUR EYES! This is the worst move you could have made for yahoo shareholders. they should’ve DINGED your ying-yang a$$ a long time ago. You frickin engineer freak.
When will the Justice Department get involved with Google and a search monopoly?
Exec announcement will be that Fayyad is leaving. Bassel Ojjeh will be promoted to SVP.
Here is a great VW post on Ojjeh.
http://valleywa...cull-214029.php
Here is the pic with him doing a deal with a Syrian bank while on Yahoo’s nickle.
http://www.micr....aspx?id=200573
What about a YAHOO AND GOOGLE BOYCOTT week.
Stop crying, do something.
just for one week…
@41
David, Of all the reasons Microsoft couldnt buy Google, i dont think that money would be the contributing factor… If my memory serves, microsofts annual profits are still larger than googles entire revenues. Microsoft have plenty of cash for acquisitions and i dont think levereging the rest would be out of the question
It would never happen anyways but i dont think its the money… could be wrong tho
1:30 EST? Pacific?
I also heard that Major League Baseball is going to buy the National Hockey League.
Someones been had.