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Several key executives, such as Chief Product Officer Blake Irving, left. At its height it was one of the most popular sites in the United States. Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.
The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.
was the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2016.
According to third-party web analytics providers, Alexa and Similar Web, Yahoo!
is sell the company." Following the conclusion of the purchase, these assets will be merged with AOL to form a new entity known as Oath; Yahoo, AOL, and Huffington Post will continue to operate under their own names, under the Oath umbrella.
The deal excludes Yahoo's 15% stake in Alibaba Group and 35.5% stake in Yahoo!
It was globally known for its Web portal, search engine Yahoo! The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.