Report: Yahoo Back on Acquisition Trail
Reuters, Friday, May 22, 2009 12 PM
Yahoo is looking to acquire its way into becoming a bigger player in social networking, CTO Ari Balogh revealed at the Reuters Global Technology Summit. "It's a good time to be buying now," Balogh said, alluding to the fact that company valuations have fallen drastically over the past six to nine months. Balogh did not name any specific companies that Yahoo is looking at. "I can guarantee you there will be some acquisitions, and we will do some stuff in-house," he said.
Balogh also conceded that Google has won Round 1 of the search wars, but he was quick to add that there is plenty of room for innovation beyond the "10 blue links" we know today. "The thing I will tell you is that, core to great experiences for people online may not necessarily be this version of search," he said. "I believe search is going to be far richer ... there's a whole other round or two to go in the search game and that's where we intend on playing."
Of course, the future of Yahoo's search business is another big question mark for the Web giant. Yahoo CEO Carol Bartz and Microsoft CEO Steve Ballmer have been talking about a search partnership for a few months now, but Balogh noted that any decision about a deal was up to Bartz.
Read the whole story at Reuters »
Balogh also conceded that Google has won Round 1 of the search wars, but he was quick to add that there is plenty of room for innovation beyond the "10 blue links" we know today. "The thing I will tell you is that, core to great experiences for people online may not necessarily be this version of search," he said. "I believe search is going to be far richer ... there's a whole other round or two to go in the search game and that's where we intend on playing."
Of course, the future of Yahoo's search business is another big question mark for the Web giant. Yahoo CEO Carol Bartz and Microsoft CEO Steve Ballmer have been talking about a search partnership for a few months now, but Balogh noted that any decision about a deal was up to Bartz.
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