Companies looking to get a piece of Yahoo’s core internet business — including search, mail, and news sites — have another week to place their bids, as the company extended the deadline for the auction to April 18. Pushing back the deadline means that Yahoo could have a deal in place by June or July. The auction was initiated in February when Yahoo ditched plans to spin off its stake in Alibaba. [Re/Code]
Activist investors at Starboard Value are once again looking to shake things up at a major company. After essentially forcing the now-contested Staples-Office Depot merger, questioning the number of breadsticks handed out at Olive Garden and ousting the entire Darden Restaurant Inc. board, the investor group has launched a fight to remove the entire board of Yahoo. [More]
Until recently, the only thing that auctions and airlines had in common were crowds of on-edge people in confined spaces. Some carriers are testing out the idea of turning their airport gates into auction houses, selling off premium seat upgrades to the highest bidders. [More]
Have a million dollars to spare? Then you might be able to get your hands on a coin from the mysterious $10 million buried treasure unearthed in California last year. [More]
Neighborhoods in Detroit are in for some extreme, and much needed, renovations. In an effort to rehabilitate neighborhoods and get occupants into previously foreclosed properties, the city is auctioning off properties for as little as $1,000 starting next month. [More]
Be careful what you sign when you buy that new home — because you might be agreeing to allow the home owners association foreclose on and auction off your house if you don’t pay your dues.
Analysts are saying that Google is probably out of the running for the “C Block” of wireless spectrum that it had been bidding on.
Microsoft has said it will not participate in the upcoming wireless spectrum auction, because it wouldn’t help their business model, which is to create and sell software to handset makers. [Reuters]
FCC has rejected Verizon’s requested changes of the new open-platform wireless auction, set for January 2008. Google has pledged to buy some of the available wireless bandwidth in order to launch an open-source Google phone to compete with the carriers. [Reuters]
Lay and Skilling, who also served as CEO, were convicted in May 2006 for their role in the accounting fraud that led to the collapse of Enron in 2001. The bankruptcy erased billions in investors’ money and wiped out the pensions of thousands of Enron employees.