Uploaded by FinancialNewsOnline on Feb 28, 2012
Bloomberg reported that, Yahoo
(NASDAQ:YHOO) asked Facebook to license technologies covered by its
intellectual property. The company also threatened to take legal action
if both companies don't reach an agreement.
Yahoo is searching for techniques to restore growth after losing share to Facebook in the display advertising market and following Google (NASDAQ:GOOG) in web search.
In an e-mail statement, Yahoo said, "We must insist that Facebook either enter into a licensing agreement or we will be compelled to move forward unilaterally to protect our rights."
Yahoo! (NASDAQ:YHOO) has potential upside of 20% based on a current price of $14.84 and an average consensus analyst price target of $17.8.
Yahoo is searching for techniques to restore growth after losing share to Facebook in the display advertising market and following Google (NASDAQ:GOOG) in web search.
In an e-mail statement, Yahoo said, "We must insist that Facebook either enter into a licensing agreement or we will be compelled to move forward unilaterally to protect our rights."
Yahoo! (NASDAQ:YHOO) has potential upside of 20% based on a current price of $14.84 and an average consensus analyst price target of $17.8.
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