Tech Biz Cheat Sheet: Yahoo Starts Fresh, Best Buy Battles eBay and Amazon
Yahoo (NASDAQ:YHOO) CEO Carol Bartz was fired over the phone by company chairman Roy Bostock. Yahoo’s eight independent directors voted unanimously last week to fire Bartz, who is also on the board along with co-founder Jerry Yang, though neither of them participated in the vote.
Microsoft (NASDAQ:MSFT) and Twitter have renewed a real-time search deal to integrate tweets into Bing’s search engine results. Earlier this summer, a similar deal with Google (NASDAQ:GOOG) came to an end.
A court ruling against Wal-Mart (NYSE:WMT) allows the retail giant to pay $27.5 million in claims to Netflix (NASDAQ:NFLX) customers in the form of Wal-Mart gift cards, on which there will be placed a prominent ad for the retailer’s own video rental service, Vudu. Netflix is fighting the decision, which it calls “The equivalent of a marketing campaign that costs Wal-Mart only $0.68 cents per potential customer,” as 40 million customers will be receiving the “payments”. Wal-Mart lost the case for violating a prior agreement with Netflix that it wouldn’t rent DVDs if Netflix didn’t sell them.
The cost of buying T-Mobile (PINK:DTEGY) could be significantly less for AT&T (NYSE:T) if regulators require T-Mobile to sell off assets exceeding 20% of the $39 billion deal in order to approve the transaction.
Best Buy (NYSE:BBY) plans to launch an online marketplace to rival eBay (NASDAQ:EBAY) and Amazon (NASDAQ:AMZN) ahead of the holiday shopping season. While eBay already has an online store, the new marketplace will allow third-party sellers like Buy.com to sell items in addition to the retailer’s own merchandise.
Don’t Miss: Yahoo’s Stock Jumps After Dumping CEO Carol Bartz.