West Technology Limited’s Weblog

July 31, 2008

Google cost about 15 million U.S. dollars to purchase video site Omnisio

Filed under: news, business news

This business news is provided from the West Technology Limited

July 31, according to the U.S. Internet blog site TechCrunch, the United States Google Inc. recently bought a California video site, the video site’s technology will replenish Youtube site.

The company name Omnisio, under the Y Combinator company. Founded in March of this year.

Google has not disclosed prices, but estimated TechCrunch site this acquisition is all cash transactions, Google may cost 15 million U.S. dollars.

This site created by three Australians (Ryan Junee, Julian Frumar and Simon Ratner), a feature of the site services can be so different from the Internet video site in the interception of the video part of the region, then its reorganization into a new Video, and uploaded to the site.

According to reports, Y Combinator companies to invest in a number of Internet start-ups, such as in 2006 they bought Reddit, the beginning of this year the company acquired Auctomatic.

Google spent 1.65 billion U.S. dollars on the acquisition of the Youtube site, Youtube has become the world’s largest video sharing site. However, Google is currently facing a problem that Youtube is admired but not gain much, CEO Schmidt said, Google has not yet found the best way to make money for Youtube.

July 24, 2008

West Technology Limited: Yahoo respond to Icahn and Microsoft

This business news is provided from the West Technology Limited

July 23 According to foreign media reports, Yahoo’s financial report on Tuesday showed that the incident of Microsoft’s acquisition and another tough shareholder Icahn have been brought Yahoo financial hurt. In the first half year, has spent 36 million U.S. dollars to fight against the two rivals.

The second quarter, Microsoft’s acquisition of Yahoo has brought turmoil to 22 million U.S. dollars of losses. Loss of performance for the specific part of advertisers cancelled advertising spending, and Yahoo to hire a lawyer, to pay large legal fees.

The first quarter, Yahoo Inc. used the funds in this regard for 14 million U.S. dollars. Two quarters combined, the cost reached 36 million U.S. dollars.

Up to now, Yahoo has become the agreement and Yi Kanda, 11 people in the new board of directors, Icahn and its allies will get three seats. However, how to develop Microsoft’s acquisition of the incident remains to be seen. August 1, Yahoo will hold a general meeting of shareholders, many investors will take advantage of this opportunity to vent their grievances and Jerry Yang of dissatisfaction with the current board of directors.

Yahoo’s current market value of 47.5 billion U.S. dollars is 18 billion U.S. dollars less than the bid Microsoft Corp. has given. While Yahoo’s earnings continued to decline, Yang has not come up with a convincing plan of revitalization. The media generally believe that the poor performance will give Jerry Yang school.

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