Out of Asia: Yahoo may let go of its Alibaba & SoftBank shares

Oh, how the mighty have fallen: Yahoo is selling back most of its shares in Asian powerhouses Alibaba and SoftBank. It’s even losing Yahoo Japan.

According to reports various publications, including the Wall Street Journal, the Yahoo board has decided to sell back the majority of its assets in the China- and Japan-based Internet companies and to focus on its struggling operations in the United States instead.

Currently, Yahoo holds a massive 40 percent stake … Continue Reading

Yahoo considers selling Asian assets, continues fickle CEO search

Yahoo’s board is considering selling its holdings of Alibaba Group and its Japanese affiliate back to the majority owners, a move that would score the company around $17 billion as it tries to find solid footing in troublesome year.

Yahoo has been shaky in 2011 with falling revenues and uncertainty after the firing of CEO Carol Bartz. A cash infusion and and restructuring of assets might be just the thing to help the company find … Continue Reading

InMobi raises massive $200M to overtake Google in mobile ads (video)

InMobi, the four-year-old company that is second place globally in mobile advertising, has raised an astonishingly large $200 million round of funding from Softbank Corp.

The company’s goal is overtake Google as the world leader in the category.

InMobi, which is based in Bangalore and San Francisco, has only 350 employees, but its growth has been frenetic. Its mobile advertisements reached 332 million unique phone users in August, up from just 1.5 million uniques in … Continue Reading