SunTrust's Peck Has Increased Conviction About Yahoo! (YHOO) Proprietary Search Ambitions

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Go back to SunTrust's Peck Has Increased Conviction About Yahoo! (YHOO) Proprietary Search Ambitions

Yahoo! (YHOO) Misses Q1 EPS by 3c; Display Revenue Fell 7%, Ex. TAC

April 21, 2015 4:07 PM EDT

Yahoo! (NASDAQ: YHOO) reported Q1 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.06 billion.

Search Revenue:

Gross search revenue was $956 million for the first quarter of 2015, an... More

Yahoo! (YHOO) Updates on Amended Search Agreement with Microsoft (MSFT)

April 20, 2015 5:24 PM EDT

On April 15, 2015, Yahoo! (Nasdaq: YHOO), a Delaware corporation (Yahoo), and Microsoft Corporation, a Washington corporation (Microsoft) (Nasdaq: MSFT), entered into the Eleventh Amendment (the Amendment) to the Search and Advertising Sales Agreement, dated as of December 4, 2009 (as previously amended, the Search Agreement). As part of the Amendment, the parties also agreed to an amendment of the License Agreement, dated as of December 4, 2009 (the License Agreement), by and between Yahoo and Microsoft. The material changes to the Search Agreement and License Agreement are described below.

Search Agreement

Services and Exclusivity

Previously... More

Google (GOOG) Search Deal Could Add $5-$10/Share to Yahoo! (YHOO) - Jefferies

April 17, 2015 7:08 AM EDT

Jefferies US Internet Team reiterated a Buy rating and $61 price target on Yahoo! (NASDAQ: YHOO) after Yahoo! and Microsoft updated their search partnership today, providing Yahoo! with increased flexibility and opening the door to a potential Google search deal.

"We believe that an additional... More