Flickr may be up for sale as Yahoo Board of Directors looks to shed web properties
The future of Yahoo and its many operations, including the photo sharing behemoth Flickr, is uncertain. According to reports, the company's board is now accepting bids for its web properties, with a deadline of two weeks to submit proposals.
While Yahoo has not specifically said which operations are up for sale, they have given hints to what a new, slimmed-down Yahoo might look like. According to Reuters, if the board's restructure goes through as planned, Yahoo will center around Yahoo Search, Mail and Tumblr, as well as four 'digital content strongholds,' which include News, Sports, Finance and Lifestyle.
This seems to indicate that at least according the company's board, Flickr has no place in the future of Yahoo. But not so fast - there are several other factors at play that could put the kibosh on a sale altogether.
One of these factors is an attempted hostile takeover of Yahoo's board by activist investor Starboard Value. Many shareholders, unhappy with financial results, have run out of patience with the current boards plan to turn Yahoo around. This is where Starboard Value comes in. Last Thursday, they announced their intent to overthrow CEO Marissa Mayer, and presented a list of nine alternative board members to replace the current board at the annual shareholder meeting in June.
If Yahoo is unable to get the ball rolling on sales of its assets before June, there's a chance that a new board will be ushered in, and move the company in a different direction entirely.
On the other hand, more than 40 companies have expressed interest in owning a piece of Yahoo, including Microsoft, Verizon, AT&T, Comcast, Time and many more. Whether or not any of those companies specifically have an interest in Flickr is difficult to say. As of June 2015, Flickr had a formidable 112 million active users. That's not quite the 400 million users Instagram claims to have, but its still a sizable community. For the record, Flickr was first purchased by Yahoo back in 2005, for $25 million.
All the while, Mayer is sticking to her plan for turning around the company, which includes laying off 15 percent of the company's workforce, closing unprofitable ventures, all while spinning off Yahoo's stake in Alibaba Group as well as Yahoo Japan into a separate company.
Needless to say, if you're in the market for a photo sharing site, now's the time to bust out the checkbook and make an offer. We just hope if Flickr does make its way into new hands that it goes to a good home.
|Air to Air Refueling-9102 by vbuhay|
from Vehicle Refueling
|On the Catwalk by Lee8282|
|Yosemite Falls Midnight Reflection by Jonathan Shapiro|
from -Mirror in the Night Water- (Landscape in Full Colours Only)
Photographer Peter Guttman was given some of Kodak's revitalized Ektachrome 100 film and took over Kodak Professional's Instagram page to share the images he captured.
We sat down recently with top Canon engineers to talk about the EOS R, and the delicate balancing act of experimenting with a new platform and the risk of alienating existing users.
Sony has updated its image sensor spec page and as expected, a few of the chips they make bear an uncanny resemblance to sensors found inside Fujifilm and Panasonic cameras.
This week Chris and Jordan are joined by renowned macro photographer Don Komarechka, who demonstrates a few simple techniques that can improve your macro photos in a big way.
The group that provides Canon users with programs to expand the feature set of their cameras has begun cracking the new EOS R mirrorless firmware.
The Pixel 3 represents another step forward in computational photography for Google's smartphone. We're just getting started with our testing – for now take a look at some sample images, including 'computational Raw' files available for download.
Lens Rentals Founder, Roger Cicala, has given the Canon EOS R one of his signature camera teardowns.
Nikon says firmware version 1.03 "Fixes an issue that in rare circumstances would delay the shutter release or the start of the autofocus operation."
The Kickstarter campaign for Yashica’s digiFilm Y35 camera has produced a wave of complaints about delays in shipping product as well as cameras that don’t work.
Pixelmator today released Pixelmator Pro 1.2 Quicksilver, a major update to its image editing app for Mac.
Although Raw performance of the EOS R is very similar to the 5D Mark IV, Canon's done some tweaking on the JPEGs - take a look at our studio scene to see for yourself.
If you've backed one of the company's crowdfunding projects, the reward will not arrive and you won't get your money back either as Meyer Optik Görlitz's parent company, Net SE, is completely dead.
The importance of APS-C, a future a7S model in development and why customers want two card slots – read our full interview with Sony's Kenji Tanaka.
Google's Super Res Zoom technology uses pixel-shifting methods to achieve zoom results comparable to some optical solutions. Google has published an in-depth explanation on its AI blog.
CyberLink has release the latest version of its photo editing and design program PhotoDirector.
Toy manufacturer Tomy has launched a no-battery-required smartphone printer that is remarkably like the one Holga has been promoting via a Kickstarter campaign but which is already available for $40/£39.
A handful of Sony users have noticed a particular model of SanDisk SD cards is showing errors when used with Sony a7 III camera.
The Fujifilm X-T3's 4K video more than lives up to its impressive specification, making it one of the most capable video cameras we've ever tested.
VSCO has made it easier to find the right presets for your photos with a few interface changes to its smartphone app.
TinyMOS is back with NANO1, an all-new astrophotography camera that's one-third the size of the TINY1 it announced three years ago.
Huawei's latest flagship device comes with the widest range of focal lengths of all current smartphones.
After shaking up the Lightroom ecosystem with Lightroom CC last year, Adobe has released version 2.0 of the cloud-centric photo organizer and editor. We look at new features like People View, how far Lightroom CC has come in its first year, and where Lightroom is headed.
Today, at Adobe MAX 2018, Adobe previewed Photoshop CC on iPad, a full-featured, desktop-class version of Photoshop for iOS.
The weather and has most definitely taken a turn toward fall here, and our shooting opportunities have followed suit. We brought the Canon RF 35mm F1.8 along to a harvest festival of sorts and a few of our usual haunts.
Pennsylvania Governor Tom Wolf has signed House Bill 1346 into effect, which imposes a fine upwards of $300 to drone operators who invade the privacy or harm the physical wellbeing of citizens.
Sigma is a company in flux, but CEO Kazuto Yamaki is undaunted by the upcoming prospect of developing lenses for eight lens mounts. The challenge will be keeping the company's identity along the way.
If you've been meaning to convert all of your old photos, video, and audio to digital formats, but simply lack the time or willpower to get through it all, a new service from Kodak will help you get the job done.
Almost all new cameras include impressive video features, but for the best results you'll often need an off-camera recorder. Chris and Jordan take a look at the brand new Ninja V from Atomos, and explain why it might just be one of the most useful tools you can add to your camera.
Collect allows you to transform 360-degree into a more easily digestible format by transforming it into directed traditional videos.