Yahoo will make it official today

With a little sleuthing, good sourcing and persistence, I broke the story about Yahoo locating a facility in Omaha months before the company officially announced it. That sourcing paid off again, when I was able to confirm the official word before the announcement. Here’s that story, which ran October 24, 2008:

 

Yahoo will make it official today – The Internet search company will invest $100 million in a La Vista data center.

Omaha World-Herald (NE) – Friday, October 24, 2008
Author: Christine Laue, WORLD-HERALD STAFF WRITER
Internet search company Yahoo today will officially announce plans to invest $100 million in a La Vista data center that will employ 50 people, a person with knowledge of the project said Thursday.

The Sunnyvale, Calif.-based company will operate a 150,000-square-foot data center “with a $100 million initial investment” in a La Vista building, the person said.

Yahoo in September bought the former Tender Heart Treasures building at 10917 Harry Watanabe Parkway in La Vista. The 300,000-square-foot building sits on 24.3 acres near 108th Street and Giles Road.

Yahoo applied Aug. 15 with the State of Nebraska for tax incentives related to business creation or expansion.

Gov. Dave Heineman issued a press release Thursday evening announcing a 10 a.m. press conference today at the La Vista Embassy Suites regarding an economic development project related to job creation in Nebraska.

The announcement comes in the same week that Yahoo said it plans to lay off 1,500 workers after profits fell again in the third quarter.

The layoffs, announced Tuesday, represent 10 percent of Yahoo’s 15,000 employees. In February, the company laid off 1,000 workers.

The Associated Press reported this week that Yahoo is bracing for a deep downturn likely to extend into 2009 by trimming $400 million from its annual expenses. The company may close some of its U.S. offices and assign more jobs to lower-paid contractors in other countries, the Associated Press said.

In June, Yahoo and Google Inc. announced plans for a searchadvertising partnership, but the deal is in limbo as Justice Department regulators conduct an antitrust review.

Together, Google and Yahoo control more than 80 percent of the U.S. search-advertising market.

Google last week reported a 26 percent increase in its thirdquarter profit.

Data centers host network operations and are typically filled with computers and servers.

Yahoo paid nearly $14.8 million for the Tender Heart Treasures property. It is near PayPal, the online-payment operator owned by eBay, with which Yahoo collaborates in some business functions. PayPal occupies two buildings in the Southport development.

Google is building a $600 million data center in Council Bluffs that is expected to employ about 200 people. In August, Microsoft committed to a similar $500 million operation in West Des Moines.

Caption: Locator Map/1
Edition: Iowa;Nebraska;Sunrise
Section: News
Page: 01A
Index Terms: Area Planning;Computer;Internet
Record Number: 10476022
Copyright (c) 2008 Omaha World Herald
This article is copyright of the Omaha World-Herald and used with permission. This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald.
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