Donors to Common Recipients
Recipients of donations from David Filo also received donations from these orgs and people
Largest individual shareholder of Altaba, the successor to Yahoo, the Internet company he co-founded with billionaire Jerry Yang in 1994
Filo is the largest individual shareholder of Yahoo, the publicly traded Internet company he co-founded with billionaire Jerry Yang in 1994. The Sunnyvale, California-based business owns a 15 percent stake in online marketplace Alibaba and agreed to sell its search engine and other internet properties to Verizon for $4.8 billion in July 2016. Why didn't he take the money? Yahoo chieftain saw his stock languish for years, then pop 45% after Microsoft tried to snatch company up for $44.6 billion to take on Google in search. Balked at hostile takeover attempt; shareholder activist Carl Icahn led proxy battle to replace board, oust Yang as chief executive. Settled weeks later; Icahn and 2 friends now on expanded board. Stock down 39% since original Microsoft offer. Met partner Jerry Yang in grad school at Stanford, turned Internet directory project into Web portal Yahoo. Left Ph.D. track 1995, took public a year later. Brought in professionals: Tim Koogle in 1995, former Warner Bros. boss Terry Semel 2001. Filo runs tech. Agreed to ad partnership with Google in June following Microsoft debacle; Yahoo will post Google ads alongside Yahoo's search results. Filo is the largest individual shareholder of Altaba, the successor to Yahoo, the Internet company he co-founded with billionaire Jerry Yang in 1994. The Sunnyvale, California-based business owns a 15 percent stake in online marketplace Alibaba and sold its search engine and other internet properties to Verizon for $4.5 billion in June 2017.
