(Continued)

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In other developments, Google has finally decided to be listed on NASDAQ, instead of the New York stock exchange for its upcoming $2.7 billion IPO. Google's statement is part of a regulatory SEC filing done on Monday.

The Mountain View company, which filed to go public in late April, had not previously disclosed any information on its chosen stock exchange, and it has yet to propose a trading symbol. Google's filing with the U.S. Securities and Exchange Commission indicates the end of a duel between the NASDAQ and the New York Stock Exchange, staunch rivals that were clamoring to host the technology IPO.

On Tuesday, it was reported that Yahoo has agreed to acquire Oddpost.com, a supplier of online news and email services. The amount of the transaction wasn't disclosed at that time. The two companies confirmed Yahoo's plan to purchase Oddpost on Monday, but disclosed few details about the buyout. According to a source familiar with the acquisition, Yahoo paid close to $30 million for the company.

Oddpost's 10 employees, based in San Francisco, will now report to Yahoo's Sunnyvale headquarters. "The acquisition of Oddpost provides Yahoo with outstanding technological expertise", said company spokeswoman Mary Osako.

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