Yahoo’s home page, other sections to get makeover 0
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Yahoo Inc. is preparing to tweak several popular sections of its Web site, including its home page, during the next few months to accommodate more material from rival services as the Internet company tries to polish its tarnished franchise.
The makeover outlined for reporters Thursday represents a key step in Yahoo’s push to regain the momentum that it lost while being outmaneuvered by Internet search rival Google Inc. and more recent upstarts like the rapidly growing online hangouts MySpace and Facebook.
Yahoo’s previous dawdling crimped its profits during the past two years, leading to a dramatic downturn in its market value that triggered an unsolicited takeover bid from Microsoft Corp. this year.
Since Microsoft withdrew its $47.5 billion bid in May, Yahoo has been battling to boost its stock price, which recently sank to its lowest level in nearly five years. Yahoo shares climbed 85 cents, or almost 5 percent, Thursday to close at $18.55 — well below Microsoft’s last offer of $33.
Read more @ news.yahoo.com
From Yahoo! News.
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