Yahoo’s Chief Technology Officer, Ari Balogh who is also the Vice President of products at Yahoo, told Reuters yesterday, that Yahoo is looking to buy companies that will allow it to become a bigger player in social networking and revamp its family of products, .
“It’s a good time to be buying now,” pointing to valuations that have come down from levels six to nine months ago.
Balogh , said Yahoo has had conversations with companies about partnerships and “more interesting” possibilities, such as on building out its platform and basic computing in addition to search.
“I can guarantee you there will be some acquisitions, and we will do some stuff in-house,” said Balogh.
While conceding that Google has “won the game” of search as we know it today, Balogh says search will be about much more than “10 blue links” in the future.
“The thing I will tell you is that, core to great experiences for people online may not necessarily be this version of search,” Balogh said. “I believe search is going to be far richer … there’s a whole other round or two to go in the search game and that’s where we intend on playing.
I wonder if they shall go after Twitter?
Twitter seems obvious but would Twitter if it is open to being acquired go with Yahoo over Google or Apple or even Microsoft.
Their point about search changing may be true, but why would anyone believe they would be the one to figure out the best option ? They had a headstart on the first round of search and Google just went right past them to own it.
Buying Twitter would seem compatible with Yahoo’s scheme as both entities are profit challenged.
Good for them! I wish them the best. We need yahoo to stick around. Last thing we need is to be stuck with just Google & Microsoft. What a nightmare that would be.
This is good news for business owners who are looking to sell their established developed websites.