Stock Market News

Google likely to put massive effort into Yahoo Japan contract renewal – Bernstein

2023.07.06 12:36


Google likely to put massive effort into Yahoo Japan contract renewal – Bernstein

In a note to clients Thursday, Bernstein analysts said the firm believes Alphabet’s (NASDAQ:) Google is highly likely to put a massive effort into renewing the contract with Yahoo Japan.

The note follows a report by Nikkei Asia, which states Yahoo Japan is weighing up ending its search engine deal with Google.

According to the report, Yahoo Japan is considering having another company provide its search engine technology, which is currently supplied by an affiliate of Google. The contract is said to expire at the end of March 2025.

However, Bernstein said: “We still believe Google is highly likely to put a massive effort into renewing the contract with Yahoo JP.”

“Yahoo JP may also want to keep the highly customized search service it used over the last decade; MS will likely compete against Google in Japan.”

In addition, the analysts said that Naver may not be the winner in this game, despite being Yahoo JP’s mother company, and as a result, they do not revise their top-line and EPS for the three companies based on the headline.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,914.23 0.86%
ethereum
Ethereum (ETH) $ 3,416.31 2.03%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 256.78 0.16%
bnb
BNB (BNB) $ 656.39 3.16%
xrp
XRP (XRP) $ 1.45 9.05%
dogecoin
Dogecoin (DOGE) $ 0.435984 6.57%
usd-coin
USDC (USDC) $ 0.999901 0.01%
cardano
Cardano (ADA) $ 1.06 4.15%
staked-ether
Lido Staked Ether (STETH) $ 3,414.05 2.11%
tron
TRON (TRX) $ 0.213953 3.85%
avalanche-2
Avalanche (AVAX) $ 42.43 1.05%
the-open-network
Toncoin (TON) $ 6.43 17.08%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 4.11%
stellar
Stellar (XLM) $ 0.496362 26.45%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,039.91 1.96%
polkadot
Polkadot (DOT) $ 9.98 45.82%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,571.14 0.80%
chainlink
Chainlink (LINK) $ 18.15 9.05%
bitcoin-cash
Bitcoin Cash (BCH) $ 512.64 3.57%
weth
WETH (WETH) $ 3,414.71 2.25%
sui
Sui (SUI) $ 3.46 2.07%
pepe
Pepe (PEPE) $ 0.000021 0.21%
leo-token
LEO Token (LEO) $ 8.61 0.84%
near
NEAR Protocol (NEAR) $ 6.44 5.67%
litecoin
Litecoin (LTC) $ 100.24 7.15%
aptos
Aptos (APT) $ 12.98 4.76%
uniswap
Uniswap (UNI) $ 10.90 10.22%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,598.08 2.54%
hedera-hashgraph
Hedera (HBAR) $ 0.153111 0.32%
internet-computer
Internet Computer (ICP) $ 11.71 2.04%
crypto-com-chain
Cronos (CRO) $ 0.201566 8.03%
usds
USDS (USDS) $ 0.997169 0.90%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.590919 14.77%
ethereum-classic
Ethereum Classic (ETC) $ 29.91 2.75%
render-token
Render (RENDER) $ 7.85 3.34%
bittensor
Bittensor (TAO) $ 533.53 3.36%
kaspa
Kaspa (KAS) $ 0.15585 1.85%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46 12.47%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
arbitrum
Arbitrum (ARB) $ 0.884229 7.41%
bonk
Bonk (BONK) $ 0.000048 2.01%
whitebit
WhiteBIT Coin (WBT) $ 24.75 0.41%
vechain
VeChain (VET) $ 0.043368 17.66%
dai
Dai (DAI) $ 0.999406 0.03%
cosmos
Cosmos Hub (ATOM) $ 8.77 14.20%
dogwifcoin
dogwifhat (WIF) $ 3.33 3.67%
filecoin
Filecoin (FIL) $ 5.54 12.64%
mantra-dao
MANTRA (OM) $ 3.68 4.97%
blockstack
Stacks (STX) $ 2.09 3.56%