Yahoo Completes GeoCities Acquisition
Posted on June 1, 1999Yahoo Inc. has announced it has completed its acquisition of GeoCities. Yahoo! also announced its plans to integrate GeoCities' personal publishing tools and neighborhoods with Yahoo!'s community-building tools, content and services, and universal registration process. Yahoo! plans to begin rolling out these new services over the next few weeks.
"We have moved aggressively to complete the GeoCities transaction, secure the company's key talent to continue to build our community efforts, and provide our combined customers with an expanded set of services," said Jeff Mallett, president and chief operating officer, Yahoo!. "The combination of GeoCities and Yahoo! will result in enhanced publishing tools and community services for our 60 million users worldwide, and further strengthens Yahoo!'s global leadership position."
The company said it will continue to expand the large and growing Yahoo! GeoCities neighborhoods. The integration of GeoCities' publishing tools with Yahoo!'s global Web platform will expand the publishing options for users and provide for enhanced searching and archiving of user-generated content on the Web. In addition, the home page building service will be integrated throughout popular areas of the large Yahoo! Clubs community in special-interest areas such as music, health and politics. Upon launch of the integrated community service, Yahoo! GeoCities users will have access to new click-and-drag publishing tools, enabling users with no knowledge of HTML to build home pages.