Wednesday, July 18, 2007

Yahoo! Takeover Is Now More Probable, According to Stanford Group Analyst

(Bloomberg) -- The chance Yahoo! Inc. will put
itself up for sale has increased after the most-visited U.S. Web
site lowered its revenue forecast, according to Stanford Group.

Yahoo is facing tougher competition as Google Inc. extended
its lead in Internet search queries and new rivals took sales in
display advertising, the company said when it reported second-
quarter results after U.S. markets closed yesterday. The company
forecast revenue for the rest of the year that trailed most
analysts' estimates.


Read more at Bloomberg Stocks News

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