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Friday, August 21, 2009

Fancy Charts of the Week: It Might Be Bingtastic, but Users Heart Google the Way Gum Loves a Sneaker!

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This week, BoomTown decided to mash up two different and interesting surveys, both from comScore, about the search market.

When you do this, you find that while the new Bing search engine from Microsoft is showing some impressive growth–up a half-point in July from June to an 8.9 percent share–the software giant still has a long way to go to get some true love from the consumers.

Obsessive love, actually.

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Monday, August 17, 2009

Sale of iLike to MySpace–$13.5 Million in Cash, $6 Million for Talent Retention–Delayed Over Tax Issues (Really!)…Plus, the List of Other Suitors!

The board of iLike planned a meeting earlier tonight to go over a buyout offer by MySpace, several sources close to the situation said. But it was suddenly canceled because of some thorny tax implications related to the talent-retention part of the deal to purchase the social music start-up.

This does not mean the pending acquisition is in jeopardy, sources said, and it could be on track to be signed as early as today, barring any more complications.

What’s also been unclear is the actual price the social networking giant is paying for iLike, which has been reported as about $20 million. In fact, only $13.5 million will be paid in cash, with $6 million slated for forward payments to retain key talent.

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Friday, July 31, 2009

“Boatloads of Money” Brings Boatloads of Trouble to Yahoo’s Bartz: The D7 Video (Plus How the Deal Almost Sank)

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One of the reasons Wall Street investors have gone sour on Yahoo’s stock since its online advertising and search partnership was struck with Microsoft was a comment that CEO Carol Bartz made at the seventh D: All Things Digital conference in late May.

In an onstage interview with me, I asked Bartz about what it would take to do a deal.

She answered quite emphatically that “if there’s boatloads of money, and there’s the right technology and there’s the right information we’d have, sure.”

Here’s the video of that, as well details about how the deal talks went bad at D7 too.

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Wednesday, July 29, 2009

WWGD: What Will Google Do, Now That There Is Finally a MicroHoo?

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With upward of two-thirds of the search market, depending on what survey you use, one would not imagine that Google would worry too much about any kind of hookup of Microsoft and Yahoo.

Think again.

Sources at Google said the company is bracing for a more robust rival, which will force the company to compete and innovate more aggressively.

They add that Google will likely try to keep a low profile at first in opposing the deal announced today, positing that regulators have the same opinion about fewer competitors in the market as they did when opposing a similar Google-Yahoo search deal last year.

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Tuesday, July 28, 2009

A Preview of Time Warner Earnings: Bummer at AOL, Bummer at Magazines–Just a Bummer

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When Time Warner reports its second -quarter earnings tomorrow morning, before the markets open, most Wall Street analysts are not expecting much from the media giant, as it continues to slog toward a rejiggering of itself.

Time Warner–which owns assets like the Warner Bros. movie studio, the AOL online unit, the HBO and Turner cable networks and Time Inc. magazines–is expected to earn 37 cents per share, compared to 72 cents a year ago, according to a poll of analysts from Thomson Reuters.

Revenue is expected to be $6.97 billion, down from $11.56 billion in the same quarter last year. This drop is mostly due to the March spinoff of its cable unit, Time Warner Cable.

But AOL and its magazine unit are expected to continue to drag on Time Warner’s financial performance.

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Thursday, July 23, 2009

Liveblogging the Microsoft Fourth-Quarter Earnings Call: Look Out Below!

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How low can Microsoft go?

Very low, it seems, in announcing really bad fourth-quarter earnings, missing Wall Street revenue estimates by an astonishing $1 billion.

Talk about a game of extreme limbo.

No surprise–Microsoft shares have been taking a beating in after-hours trading.

BoomTown liveblogged the earnings call.

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Wednesday, July 22, 2009

Yahoo Confirms Xoopit Purchase

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Yahoo confirmed the news–first reported by BoomTown and in The Wall Street Journal last night–that it was buying Xoopit, the San Francisco social email company.

And it did so in both a blog post and on Twitter, as you can see here:

@karaswisher @jvascellaro Your scoops confirmed http://bit.ly/gpOT2.

Well, thanks! But we are already onto new scoops, so try to keep up!

The price for the acquisition, which Yahoo did not reveal, was about $20 million, according to sources.

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Tuesday, July 21, 2009

Yahoo to Acquire Xoopit for About $20 Million

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Yahoo plans on announcing Thursday that it has bought Xoopit for a price in the $20 million range, according to several sources, one of its first acquisitions in a long while.

Reached late this afternoon by BoomTown, a Yahoo spokeswoman declined to comment about the purchase. Xoopit did not respond to emails earlier today.

But sources said it was a done deal to buy the San Francisco-based social email start-up that finds photos, videos, links and other files in email so that users can surface and then share them.

Xoopit’s investors–Accel Partners and Foundation Capital, along with several angel investors–have pumped about $6.5 million into the company since 2006.

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Monday, July 20, 2009

Hang On, It’s Going to Be a Bumpy Night: Yahoo Earnings Tomorrow, Microsoft Earnings Thursday

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Yahoo and Microsoft are still seriously talking about a search and partnership deal, never-ending discussions that might or might not come to fruition. But most investors will be focused on real results this week, as both tech giants report quarterly earnings.

Yahoo reports tomorrow, while Microsoft clocks in Thursday.

But, after a ho-hum performance last week from Google, Wall Street is not expecting much from either, as the econalypse continues to take its toll on financial performance.

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Thursday, July 16, 2009

Yahoo Search Ad Deal With Microsoft “Down to the Short Strokes”–But Caution Also Advised

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Unless there is some major glitch, there might finally be a search and online advertising deal struck between Yahoo and Microsoft at long last.

Top executives at Microsoft–including SVP of the Online Audience Business Group Yusuf Mehdi, search head Satya Nadella and top digital exec Qi Lu–have all flown down to Silicon Valley from their Redmond, Wash., HQ today to iron out the remaining issues.

If all goes well, the deal could be announced within the next week, sources said.

Said one person close to the situation, “It is down to the short strokes, for sure, it is just a question if we can finally close this.”

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Tuesday, July 14, 2009

Amazon Buys Netflix? Microsoft Is a Much Better Guess as a Potential Acquirer.

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Yesterday, shares of Netflix got their semiregular rocket boost–with its stock up more than five percent to close at just over $42–from rumors that Amazon was interested in acquiring Netflix.

Oh, it’s a seemingly dreamy match–the top online retailer snapping up the upstart U.S. mail-order DVD movie and television show service.

But there are some serious issues in an Amazon-Netflix marriage, so those interested in seeing the independent company in the embrace of a larger one might want to consider a more suitable and very interested candidate: Microsoft.

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Monday, July 13, 2009

Yahoo and Microsoft: Breaking (And Making) Up Is Hard to Do

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Oh, they’re still talking. Except when they’re not. And, then, they are.

Such has been the course of discussions Yahoo and Microsoft continue to be engaged in about a possible partnership deal around search and online advertising.

“It runs hot, then cold, then hot, then who knows,” said one person close to the situation.

It’s kind of like a digital version of the romantic travails of Lindsay Lohan and Samantha Ronson, minus the paparazzi and screaming matches in trendy clubs.

Here’s an update of the talks.

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Facebookers Start Cashing Out Up to 20 Percent of Shares With New $100 Million Investment

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According to sources close to the situation, current and former employees of Facebook are now going to be able to sell up to 20 percent of their common shares.

It is part of a $100 million add-on investment in the social networking company by the Russian investors who recently put $200 million into the company for preferred shares valued at $10 billion.

The new tender offer today by Digital Sky Technologies for common shares of Facebook is valued at $6.5 billion, or $14.77 a share.

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Thursday, June 25, 2009

The Walk-Up to Yahoo’s 2009 Annual Meeting (Liveblogging Starts at 10 am PDT)

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Let’s be honest–even with the sassy stylings of CEO Carol Bartz, who will be appearing at her first Yahoo annual meeting this morning–there are few of these affairs that are even remotely exciting.

Last year’s Yahoo meeting did have a frisson of possibility, since billionaire investor Carl Icahn and Microsoft CEO Steve Ballmer were fixing to put the double squeeze on the board and, especially, its then-CEO and co-founder Jerry Yang. Also, major Yahoo shareholders threatened a revolt.

But, none of that panned out. Thus, this year is likely to be a snoozer in comparison.

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Wednesday, June 24, 2009

Comparing Google, Yahoo and Microsoft Stock: A Bing Zing?

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There is no doubt that Microsoft is pulling out the stops with its launch of its renovated search service, now called Bing, with $100 million in marketing dollars.

But, besides lifting the software giant’s share of the search market in early surveys, has it also given Microsoft’s stock an added boost?

Yes, indeed, but only just over the last 30 days.

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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