In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.The company struggled through 2008, with several large layoffs.
According to third-party web analytics providers, Alexa and Similar Web, Yahoo!
Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of 8.75 a share on January 3, 2000.
However, after the dot-com bubble burst, it reached a post-bubble low of .11 on September 26, 2001. Over the next four years, it developed its own search technologies, which it began using in 2004.
In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.
Several key executives, such as Chief Product Officer Blake Irving, left.
Japan; following the completion of the acquisition, these assets will be retained under the name Altaba, with a new executive team.