Search giant Yahoo and Telemundo, which is owned by NBC Universal Television Group, announced on Wednesday that they’re joining forces and merging their websites to create Yahoo! Telemundo, a site meant to draw users from the United States’ large Hispanic population, the Associated Press reports via BusinessWeek.The two companies will combine their staff and share revenue generated from advertising, but neither will make equity investments in the other, according to the AP.Both the Yahoo en espanol and Telemundo.com sites will be replaced by the new site, the AP reports.In early-morning Nasdaq trading, Yahoo shares had dropped 30 cents to $32.19, according to the AP. Yahoo’s stock has been valued as low as $29.75 and as high as $43.66 over the past year, the AP reports. For related coverage, read Yahoo Releases Search Advertising Software and Yahoo Sued for ‘Syndication Fraud.’Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Key IT initiatives reshape the CIO agenda While cloud, cybersecurity, and analytics remain top of mind for IT leaders, a shift toward delivering business value is altering how CIOs approach key priorities, pushing transformative projects to the next phase. By Mary Pratt May 30, 2023 10 mins IT Strategy IT Leadership opinion Managing IT right starts with rightsizing IT for value While there are few universals when it comes to saying unambiguously what ‘managing IT right’ looks like, knowing how to navigate the limitless possibilities of IT is surely one. By Thornton May May 30, 2023 6 mins Digital Transformation IT Strategy IT Leadership brandpost Designing the campus of the future starts with high-quality 10Gbps connectivity By Huawei May 30, 2023 4 mins Network Architect Networking Devices Networking feature Red Hat embraces hybrid cloud for internal IT The maker of OpenShift has leveraged its own open container offering to migrate business-critical apps to AWS as part of a strategy to move beyond facilitating hybrid cloud for others and capitalize on the model for itself. By Paula Rooney May 29, 2023 5 mins CIO 100 Technology Industry Hybrid Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe