Yahoo!(TM) Fuels Corporate Growth with Second Round of Financing

New Partners Include Reuters New Media, SOFTBANK, Ziff-Davis Publishing Company, The Capital Group Companies and Open Text Corporation

Mountain View, Calif. -- November 28, 1995 -- Yahoo's position as the leading guide to Internet discovery was further strengthened today as the company announced a new round of funding from some of the world's leading publishing, software distribution, venture capital and technology companies. Yahoo!'s new strategic partnerships will solidify the company's commitment to expanding its products and services both domestically and internationally. Reuters New Media, SOFTBANK, Ziff-Davis Publishing Company, The Capital Group Companies and Open Text Corporation have each taken an investment position in Yahoo!

The new round of financing represents approximately a 12% share of the company. Since incorporating in April 1995, Yahoo! has seen their readership quadruple from 200,000 people a day to over 800,000. Yahoo! has also seen a rise in its international popularity, as 30% of its readers now come from outside the United States.

"Yahoo! has clearly positioned itself as the definitive guide with both 'newbies' and experienced Web users. Additionally, some of the world's most respected companies are recognizing Yahoo! as valuable media property, allowing Yahoo! to attract and develop relationships with prominent business partners," said Yahoo! CEO Tim Koogle. "Our vision of creating the most efficient environment to guide people through the Internet is greatly enhanced by today's announcement. Yahoo! will continue to deliver the best online guide for discovery while we expand our products and services worldwide."

Yahoo!'s new investors include:

• Reuters New Media, Inc., which provides news and information services for online and Internet publishers. The Reuters Online News Service is a package of top 10 news stories in five subject categories -- U.S. news, world news, business, sports and entertainment news -- updated hourly.
• SOFTBANK, Japan's largest distributor of computer, software, peripherals and systems, as well as Japan's largest publisher of computer-related magazines and books. Its U.S. subsidiaries and joint ventures include SOFTBANK COMDEX Inc. and SOFTBANK Expositions and Conference Co., Inc. The company recently signed a definitive agreement to purchase Ziff-Davis Publishing Company.
• Ziff-Davis Publishing Company, the leading publisher of computer magazines and computing content. Ziff-Davis' leading titles include: PC Magazine, PC Week, PC Computing and Computer Shopper. Its Web site, ZD Net, is among the most popular sites of any kind on the Internet. Ziff-Davis Publishing Company was recently acquired by SOFTBANK.
• The Capital Group Companies, Inc., one of the most experienced and successful families of investment management firms in the world. For more than 60 years, this organization has been privileged to serve millions of investors -- individuals as well as leading corporations and institutions -- around the world. Additionally, The Capital Group has holdings in major broadcast and media corporations including Time- Warner, Disney, TCI and other notable companies.
• Open Text Corporation(TM), the Internet's most powerful text indexing and search engine. Open Text Corporation, located in Waterloo, Ontario, provides software and systems that enable people to find and manage information, use it collaboratively, and share the results over webs, worldwide or local. Its first project 10 years ago -- developing a search engine for the online version of the Oxford English Dictionary -- led the company to create a core index and search technology that is uniquely suited to locating information on the Internet's World Wide Web.

About Yahoo!

Located in Mountain View, Calif., Yahoo! is a company devoted to enabling consumers and working professionals to make the most of their online experiences. Yahoo! publishes the most intuitive, up-to-date and efficient guide for information and online discovery, which bears its name. With an estimated 800,000 users a day, Yahoo! is one of the most frequently visited sites on the World Wide Web. Much more than a simple directory or search engine, Yahoo!, with its Internet-wide, full-text search and browse capabilities, satisfies a key need of consumers and working professionals to more easily navigate through the Internet and gather meaningful information for both business and pleasure. Yahoo! can be found on the Internet's World Wide Web at Universal Resource Locator (URL) address http://www.yahoo.com. All brands, products and service names mentioned are trademarks or registered service marks of their respective owners.

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Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc.
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