Feeds

Citigroup jacks up Yahoo! rating

And social networking gets open API

The Power of One Infographic

The likelihood of Microsoft raising its bid for Yahoo! sent its shares up yesterday after a Citigroup analyst upped his rating for Yahoo! shares from "hold" to "buy".

The bank believes Microsoft will raise its $31 a share offer for Yahoo! to $34 a share. They are currently changing hands for $28.73, but went up 3.5 per cent yesterday on the news.

Mark Mahaney at Citigroup said that although there were no other offers on the table for Yahoo! the fact it was looking at other options could force Microsoft's hand.

In other news Yahoo! has joined up with Google and MySpace have formed an open standards coalition for social networking. OpenSocial is an API for social networking sites already in use by orkut.com and hi5.com.

The companies will also create a not-for-profit foundation to promote development of the software, protect its intellectual property and provide equal, and free, access to the API.

Yahoo!'s move could be seen as another move against Microsoft which has its own standard. But the real missing piece for OpenSocial is the biggest social networking player in the West - Facebook.®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.