Yahoo

Tech news from around the web:

Google is preparing a launch in the next two weeks of a music-download store that would work closely with its Google+ social network, according to The Wall Street Journal. The music service would recommend songs in an online library to Google+ contacts, who in turn would be allowed to listen to those songs once for free, two people close to the service told the WSJ. Read more

Tech news from around the web:

Twitter is now worth ‘an even $8bn’, chief executive Dick Costolo told the Web 2.0 summit in San Francisco, Business Insider reports. The company recently raised $800m across a two-part round of funding.

Reliance Industries is looking to start rolling out 4G services in India as early as the beginning of next year and reach countrywide deployment by mid-2012, India’s Economic Times says. The company has also started talks with media and entertainment companies to acquire content for its wireless broadband offerings. Read more

Joseph Menn

Ebay chief executive John Donahoe said the Chinese government  won’t let foreign-owned  internet companies win in that country, but added PayPal will nonetheless bend to fit new rules and stay in the market. Read more

Tech news from around the web:

Research by Barclays has found that the Amazon’s Kindle E-readers will outsell the full-colour Kindle Fire in 2012, PaidContent reports. Barclays estimates that Amazon will sell 15.3m Kindle Fire tablets and 23.5m Kindle e-readers next year. Read more

Richard Waters

A leading US online media and communications firm owned and controlled from mainland China?

That spectre was raised on Friday by Jack Ma, head of Alibaba, as he announced his interest in buying Yahoo. After all the angst caused by US internet companies venturing into China in recent years, his declaration raises the possibility of an interesting reversal. Read more

Joseph Menn

Yahoo’s investment bank is “fielding inquiries from multiple parties” about various options that could include a sale of all or some of the company, according to an all-hands email sent Friday by Yahoo’s founders and chairman. Read more

Joseph Menn

Yahoo which is expected to lose its US display-advertising leadership this year to fast-growing Facebook, is trying to shore up its position by striking a mutual selling agreement with rivals Microsoft and AOL. Read more

The sacking of Carol Bartz last week made theatre of the most superior kind. Watching the former chief executive of Yahoo go down spitting obscenities was exhilarating in an immediate sort of way, but it also confirmed at least four of my most deeply held prejudices about life, work and language.

Continue reading: “Bartz flubs her lines as she leaves the Yahoo stage”

Being fired is never easy, especially if it happens over the phone. When Carol Bartz, chief executive of Yahoo, announced that she was let go, many pondered the future of one the earliest Internet companies. Others applauded Bartz for her honesty and some advised Yahoo to sell itself. Read more

Joseph Menn

Following through on its pledge earlier this week to weigh new strategic options even as it looks for a new chief executive, Yahoo and its bankers are already fielding inquiries. Read more