Yahoo plans to shut down over 50 'non-core' products

Washington, Apr 19 (ANI): Embattled Internet firm Yahoo's chief executive Scott Thompson has planned to axe dozens of products that are not seen as 'core' to the firm.

Thompson, who announced the move following the firm's latest financial report, said it would be 'shutting down or transitioning roughly 50 properties that don't contribute meaningfully to engagement of revenue'.

He did not mention which units would be abandoned, but said that news, finance, sports, entertainment and mail were safe, The BBC reports.

"Each of our products and services may individually generate more engagement than most start-ups or even mid-sized companies in certain markets, but that does not mean that we should continue to do everything we currently do," he said.

According to the report, Thompson, the firms' fourth CEO who joined the company only in January, said Yahoo's collaboration with Microsoft was 'not yet delivering' what had been expected.

The two firms, that agreed to team up in 2009, planned that Microsoft would provide Yahoo with the search results produced by its Bing service, which Yahoo would tailor to its audience.

In addition Yahoo's sales force would target 'premium' advertisers on behalf of both firms. (ANI)