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was the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally in 2016. According to third-party web analytics providers, Alexa and Similar Web, Yahoo!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 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.It was globally known for its Web portal, search engine Yahoo! The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.

As of May 2007, its e-mail service would offer unlimited storage.On June 16, 2017, parts of the original Yahoo Inc, which were not purchased by Verizon Communications, were renamed Altaba Inc.On the United States Securities and Exchange Commission's website, they listed the new company as a "non-diversified, closed-end management investment company." Yahoo operated a portal that provides the latest news, entertainment, and sports information.Yahoo Photos was closed on September 20, 2007, in favor of Flickr.On October 16, 2007, Yahoo announced that it would discontinue Yahoo 360°, including bug repairs; the company explained that in 2008 it would instead establish a "universal profile" similar to the Yahoo Mash experimental system.

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