Yahoo, founded as a hobby in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, has evolved into one of the world’s largest global online networks with more than 500 million users worldwide. Yahoo is headquartered in Sunnyvale, Calif., and has a presence in more than 20 markets and regions around the globe.
The company survived a hostile takeover attempt by Microsoft in 2008 only to elect to join forces with the software company in July 2009 in a deal to sell its search engine in a bid to create a stronger rival to Google. In a statement in December 2009, Yahoo and Microsoft announced that they had finalized the agreement and anticipated the transaction to close in early 2010.
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