AOL says to sell 800 patents to Microsoft for $1.0 bn

AOL announced plans to sell more than 800 patents to Microsoft in a $1.056 billion deal giving the struggling Internet pioneer a needed cash injection as it seeks to fend off pressure from shareholders.

Music service gives Myspace second wind

Faded online social network Myspace said Monday it was getting a second wind due to the popularity of a freshly launched online music player.

Yahoo! shakes up board to give firm new life

Yahoo! on Tuesday announced a boardroom shakeup to breath fresh life into a pioneering Internet firm that has been struggling to re-invent itself and appease disappointed investors.

Yahoo names PayPal exec as its CEO

Yahoo's previous turnaround attempts have flopped under three different leaders with dramatically different backgrounds - former movie mogul Terry Semel, beloved Yahoo co-founder Jerry Yang and profanity-spewing Silicon Valley ...

Myspace purchase a 'huge mistake': Murdoch

News Corp's purchase of Myspace was a "huge mistake" and the social network was mismanaged "in every possible way" following the acquisition, chief executive Rupert Murdoch said Friday.

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