Yahoo and Verizon Extend Their Portal Deal

by: Larry Dignan September 03, 2008 | about stocks: VZ / YHOO    

Larry Dignan

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Verizon (VZ) and Yahoo (YHOO) said Wednesday that they have re-upped a portal deal that began in 2005.

Under a new multiyear agreement (statement), a custom Verizon-Yahoo portal will be offered to all new subscribers to FiOS Internet services. Customers that take the offer will get Yahoo Search, email, instant messaging and a toolbar. Yahoo provides the search and display ads on the cobrand and will split revenue with Verizon.

Yahoo will also provide easily customizable personal assistants and controls to control the co-brand’s layout and other features.

Yahoo has been notched a few incremental wins, but the stock is on death watch. Folks have noted that the company’s stock has fallen to the point where Microsoft first made its offer for Yahoo (blog roundup) in late January. The thinking goes that if Yahoo breaks this magic level it’s look out below time.

Here’s a look at Yahoo’s year to date stock performance.

yahoochart.png

If you zoom out to a five year chart Yahoo could fall a little further. In any case, Microsoft’s (MSFT) $31 a share offer would look pretty good right now.

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This article has 2 comments:

  •  
    Sep 03 04:09 PM
    Can Jerry Yang spell Shareholders lawsuit? He looks pretty dumb now
    Reply | Link to Comment
  •  
    Sep 04 08:02 AM
    If the stock continue to drop, I will imagine that Yang will probably resign. I think the pressure to get the stock up is huge and frankly I don't see any catalyst to get this stock move up. Yang resisted the take over as if he had a magic formula to increase shareholders value. I don't blame him as much as I blame those who voted to keep him. You got what you wanted.

    See you at 10
    Reply | Link to Comment
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