yahoo! inc (YHOO) Key Developments
Yahoo Announces Executive Changes
Sep 2 15
Yahoo! Inc. has completed its acquisition of Polyvore. With Yahoo’s support and investment, Polyvore products and services will continue to operate. The Polyvore team will join respective Yahoo offices in Sunnyvale, San Francisco and New York and Polyvore Co-Founder and CEO Jess Lee will report directly to Simon Khalaf, SVP, Product & Engineering, Publisher Products at Yahoo.
Data Theorem and Yahoo! Inc. unveil Trustkit Open Source Tool
Aug 4 15
Data Theorem and Yahoo! Inc. are unveiling a new, open source security toolkit that helps developers easily include complex mobile security functionality, known as SSL pinning, on any app. SSL pinning is a step developers can take to ensure eavesdropping cannot occur on data connections on their mobile apps, by making sure the client checks the server’s certificate against a known copy of that certificate. While the concept is well known, it has traditionally been difficult and time-consuming to implement. TrustKit provides drag and drop SSL public key pinning and can be deployed within an app in a matter of minutes, without having to modify the app’s source code. TrustKit’s key features include: Easy to use SSL pinning: TrustKit can be deployed in minutes in any iOS or OS X App, without even modifying the app’s source code. API-independent pinning by directly hooking into Apple’s SecureTransport. TrustKit works on NSURLSession, UIWebView, NSStream, AFNetworking, etc. all the way down to BSD sockets. All app’s connections are protected. Mechanism to report pinning failures, which allows apps to send reports when an unexpected certificate chain is detected, similarly to the report-uri directive described in the HTTP Public Key Pinning specification.
Yahoo! Inc. Announces Amendment No. 3 to its Credit Agreement
Jul 30 15
On July 24, 2015, Yahoo! Inc. entered into Amendment No. 3 to its Credit Agreement, dated as of October 19, 2012, as amended by Amendment No. 1, dated as of October 10, 2013, and Amendment No. 2, dated as of October 9, 2014, with Citibank, N.A., as administrative agent, and the lenders party thereto from time to time. Amendment No. 3, among other things, extends the termination date of the Credit Agreement from October 8, 2015 to July 22, 2016. The Credit Agreement, as amended, continues to provide for a $750 million unsecured revolving credit facility, subject to increase by up to $250 million in accordance with its terms. There are no borrowings currently outstanding under the Credit Agreement. Borrowings under the Credit Agreement, as amended, will continue to bear interest at a rate equal to, at the option of the company, either, a customary London interbank offered rate (a Eurodollar Rate), or a customary base rate (a Base Rate), in each case plus an applicable margin, ranging from 1.00% to 1.25% with respect to Eurodollar Rate borrowings and 0% to 0.25% with respect to Base Rate borrowings, based upon the leverage ratio of the company.
Yahoo! Inc. Announces New App Yahoo Livetext
Jul 29 15
Yahoo! Inc. announced Yahoo Livetext, a new app for one-to-one live video texting on iPhone and Android phones. Yahoo Livetext blends the convenience and ease of texting, with the immediacy and vividness of live video, but without the audio - so user can use it in any context. Yahoo Livetext is a new way to stay in touch - it’s non-intrusive, quick and real-time - yet also fleeting, just like real-life conversations. Interactions, from a goofy smile, to an eye roll and a sigh, mean ‘Lol’ isn’t needed to ensure the meaning of a text message - as real-time reactions are placed at the center of the conversation.
Yahoo Appoints Lisa Utzschneider as Chief Revenue Officer
Jul 23 15
Yahoo! Inc. announced the appointment of Lisa Utzschneider as Chief Revenue Officer. In this new role, Lisa will lead Yahoo’s sales organization globally to serve the needs of advertisers worldwide. All sales teams globally will report to Lisa. Lisa joined Yahoo as Senior Vice President, Sales, Americas last year and has been pivotal in structuring the sales teams across North and South America for growth. She has successfully integrated sales across Yahoo, BrightRoll, Flurry and Tumblr to help bring new opportunities and tremendous value to advertisers. Lisa brings more than 15 years of experience leading sales, strategy, and revenue generation within the digital
advertising space. Previously, Lisa was Vice President of Global Advertising Sales at Amazon leading the
company’s display advertising efforts.