Yahoo, founded as a hobby in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, has evolved into one of the worldâ€™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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