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BUSINESS
April 24, 2009 | Bloomberg News
Yahoo Inc. said Thursday that it would shut down its GeoCities free Web-hosting service after paying about $3 billion for the unit in 1999. GeoCities isn't accepting new accounts and will close later this year, Yahoo said. GeoCities, Yahoo's second-biggest acquisition behind Broadcast.com Inc., lets users design personal websites to show off photos, promote local clubs or publicize business services.
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BUSINESS
April 24, 2009 | Bloomberg News
Yahoo Inc. said Thursday that it would shut down its GeoCities free Web-hosting service after paying about $3 billion for the unit in 1999. GeoCities isn't accepting new accounts and will close later this year, Yahoo said. GeoCities, Yahoo's second-biggest acquisition behind Broadcast.com Inc., lets users design personal websites to show off photos, promote local clubs or publicize business services.
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BUSINESS
July 8, 1999 | From A Times Staff Writer
Registered users of Yahoo Inc.'s GeoCities Web service called off a boycott of the company after it overhauled a policy that appeared to claim rights to content that they post on their personal Web pages. The change, the second attempt in a week to appease angry users, appeared to end a 10-day dispute stemming from Yahoo's recent acquisition of GeoCities, where 4.6 million members have erected personal Web sites.
BUSINESS
August 28, 2001 | Bloomberg News
Yahoo Inc.'s GeoCities unit, the biggest service that lets consumers set up their own Internet sites, said it will charge users for two new expanded versions of its free basic service. Yahoo will charge $8.95 a month for GeoCities Pro, $11.95 a month for GeoCities Webmaster and a $15 setup fee for both. GeoCities Pro and Webmaster provide personalized domain names, multiple e-mail accounts and more data storage than the basic service, a spokesman said. Sunnyvale, Calif.
BUSINESS
May 28, 1999 | Karen Kaplan
Yahoo Inc. is planning to close its $2.94-billion acquisition of GeoCities today after GeoCities shareholders vote to approve the deal in Marina del Rey this morning. Five GeoCities shareholders who collectively hold a stake of about 60% have agreed to support the merger, so approval of the deal is assured.
BUSINESS
August 28, 2001 | Bloomberg News
Yahoo Inc.'s GeoCities unit, the biggest service that lets consumers set up their own Internet sites, said it will charge users for two new expanded versions of its free basic service. Yahoo will charge $8.95 a month for GeoCities Pro, $11.95 a month for GeoCities Webmaster and a $15 setup fee for both. GeoCities Pro and Webmaster provide personalized domain names, multiple e-mail accounts and more data storage than the basic service, a spokesman said. Sunnyvale, Calif.
BUSINESS
August 14, 1998 | GREG MILLER, TIMES STAFF WRITER
In a groundbreaking case that strikes at the heart of consumers' growing fears about online privacy, GeoCities settled government charges Thursday that it collected personal information about its customers, including children, then sold the data to marketers in violation of its own stated privacy policies. The case marks the first time government regulators have formally accused any site on the Internet, let alone one as popular as GeoCities with its 2 million members, of such deception.
BUSINESS
March 19, 1998 | Jennifer Oldham
Santa Monica-based GeoCities, a provider of World Wide Web home pages, said it will provide tools to allow its 1.4 million members to build electronic storefronts. It said the new service, dubbed GeoShops, which capitalizes on partnerships with transaction service provider Internet Commerce Services and software maker OpenMarket, will help it further tap into the fast-growing electronic commerce market.
BUSINESS
May 4, 1999 | Karen Kaplan
Employees at GeoCities in Marina del Rey will find out today whether they will have jobs with the company after it completes it $3.9-billion merger with Yahoo Inc. At least some of GeoCities' roughly 300 employees are expected to receive pink slips, and some others will be asked to relocate to Yahoo's headquarters in Santa Clara. The news will be relayed at an off-site meeting this morning, according to people familiar with the plans. GeoCities executives had no official comment Monday.
BUSINESS
December 25, 1998 | From Washington Post
In their push to reach mass audiences, large Web site operators are developing dynamic "group publishing" software that has caught the attention of tens of thousands of families, hobbyists, clubs, civic groups and small businesses. The trend is taking vanity publishing to a new level, letting people create private virtual worlds--interactive forums where friends and family can chat, post messages and share calendars and address books.
BUSINESS
July 8, 1999 | From A Times Staff Writer
Registered users of Yahoo Inc.'s GeoCities Web service called off a boycott of the company after it overhauled a policy that appeared to claim rights to content that they post on their personal Web pages. The change, the second attempt in a week to appease angry users, appeared to end a 10-day dispute stemming from Yahoo's recent acquisition of GeoCities, where 4.6 million members have erected personal Web sites.
BUSINESS
June 30, 1999 | GREG MILLER, TIMES STAFF WRITER
Many Internet users who have erected personal Web sites at GeoCities reacted angrily Tuesday after learning that the contents of their sites will belong to Yahoo Inc. as part of the merger between the two companies. The new policy, spelled out in the "terms of service" for members of the community sites offered by the newly combined company, gives Yahoo the "perpetual, irrevocable" right to any material on GeoCities pages. The change affects about 4.
BUSINESS
May 28, 1999 | Karen Kaplan
Yahoo Inc. is planning to close its $2.94-billion acquisition of GeoCities today after GeoCities shareholders vote to approve the deal in Marina del Rey this morning. Five GeoCities shareholders who collectively hold a stake of about 60% have agreed to support the merger, so approval of the deal is assured.
BUSINESS
May 27, 1999 | Karen Kaplan
GeoCities Chief Executive David Bohnett will become a Regents' Lecturer at UCLA for the 1999-2000 academic year after the company he co-founded is acquired by Yahoo. During the two-week period of his appointment, Bohnett will share his experiences as an Internet entrepreneur with students and faculty members in the School of Engineering and Applied Science and in the School of Law. Marina del Rey-based GeoCities agreed to be acquired by Yahoo in January for $3.9 billion.
BUSINESS
May 5, 1999 | KAREN KAPLAN, TIMES STAFF WRITER
Yahoo will shut down GeoCities' operations in Marina del Rey later this year, after the companies complete their $3.5-billion merger, according to people familiar with the situation. Roughly 300 GeoCities employees learned of Yahoo's plans Tuesday in a meeting led by Yahoo President Jeff Mallett. The Santa Clara, Calif.-based company is still determining how many will be laid off and how many will be transferred to Silicon Valley. GeoCities shareholders are to vote on the merger May 28.
BUSINESS
May 4, 1999 | Karen Kaplan
Employees at GeoCities in Marina del Rey will find out today whether they will have jobs with the company after it completes it $3.9-billion merger with Yahoo Inc. At least some of GeoCities' roughly 300 employees are expected to receive pink slips, and some others will be asked to relocate to Yahoo's headquarters in Santa Clara. The news will be relayed at an off-site meeting this morning, according to people familiar with the plans. GeoCities executives had no official comment Monday.
BUSINESS
January 29, 1999 | KAREN KAPLAN and CHARLES PILLER, TIMES STAFF WRITERS
GeoCities, the Marina del Rey company that pioneered the business of building communities on the Internet, won a major endorsement of its Internet strategy Thursday when it agreed to be acquired by Yahoo in an all-stock deal valued at $3.9 billion. The agreement, which combines two of the World Wide Web's most popular destinations, would be the largest acquisition involving a Southern California Internet start-up. It also would solidify Santa Clara, Calif.
BUSINESS
August 5, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
The Tech Coast will be hosting a coming out party of sorts next week, when two of its marquee Internet companies--GeoCities and CitySearch--offer their shares to the public for the first time. The pair of initial public offerings is expected to grab the attention of Wall Street and venture capitalists, who have long been accused of overlooking high-tech companies here in favor of their counterparts in the flashier Silicon Valley.
BUSINESS
April 8, 1999 | JOSEPH MENN, TIMES STAFF WRITER
First-quarter profit from operations at Yahoo Inc. surged to $25 million from $3.3 million a year earlier as the largest Internet search site--and one of the precious few to make any money--added new services, new advertisers and new countries. The Santa Clara, Calif.-based company said revenue tripled to $86 million and profit reached 11 cents a diluted share before charges related to some of its recent acquisitions.
BUSINESS
March 8, 1999 | KAREN KAPLAN
GeoCities employees in Marina del Rey are expecting to get an update about the company's pending merger with Yahoo next Monday, including information about how many jobs will be eliminated or transferred to Yahoo's headquarters in Santa Clara, Calif. The $3.9-billion deal, announced in January, is on track to close by early June. GeoCities spokesman Bruce Zanca said the company could not comment on possible layoffs or job relocations because it is in a quiet period.
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