Can Yahoo Climb Higher?
T = Trends for a Stock’s Movement
Yahoo is a technology company that provides search, content, and communication tools on the Web and on mobile devices worldwide. It operates Yahoo.com, which offers Yahoo Search, Yahoo News, Yahoo Sports, Yahoo Finance, Yahoo Entertainment and Lifestyles, and Yahoo Video. Being such a large content provider, Yahoo is able to reach a significant amount of consumers across the globe. As the Internet attracts an increasing number of participants, look for Yahoo to continue to be a major player.
Yahoo isn’t the only Yahoo company acquiring other companies. Yahoo Japan plans to purchase eAccess, a mobile Internet service provider, from SoftBank, a telecommunications company and Yahoo Japan’s parent company. Yahoo Japan is paying 324 billion yen or about $3.2 billion to acquire the company. It is the first step for Yahoo Japan in launching its own mobile service, dubbed Y! Mobile. Yahoo Japan is a joint venture between the Yahoo, Inc. and SoftBank. Yahoo, Inc. has a 35 percent interest in Yahoo Japan. SoftBank has a 42 percent interest.