Over 450,000 Yahoo accounts were hacked

A group of hackers have posted for over 450,000 Yahoo account login information, username and password.

According to statements posted by the hackers this action was aimed to be a warning for Yahoo about the security of the data storage vulnerability.

Yahoo confirmed Voice service attack, stating that "approximately 400,000" passwords and usernames were stolen. In a written statement of Yahoo, it was said that less than 5% of posted Yahoo accounts contain valid passwords.

Yahoo apologized and recommends to their users to change passwords on emergency.

Many of the posted accounts had very simple passwords like "1234", "password", "test" which of course are very easy to guess.

Alibaba prepares an aggressive takeover of Yahoo!

Alibaba Group and Softbank Corp. are in discussions with several private-equity firms to achieve a takeover bid of entirely without the consent of the company, told Bloomberg sources close to discussions.

Alibaba and Softbank, in an effort to redeem their shares from Yahoo, seem to have become dissatisfied with the slow pace of talks with the company.

The two Asian companies will collaborate with several partners who have not signed confidentiality agreements with Yahoo on the holdings in the American company.

Yahoo hopes that, by convincing investors that they will not disclose holdings, to be able to sell small stakes without giving complete control over the company. However, the president of Alibaba, Jack Ma said he was "very concerned" to the acquisition Yahoo.

Yahoo! phone will be launched next month in Japan

A Yahoo branded phone will be launched next month in Japan, where the American site is among the most accessed, writes TechCrunh. The phone will be launched by SoftBank, the third largest mobile operator in Japan, which is the majority shareholder of Yahoo Japan.

The handset is produced by Sharp and has a 4 inch screen, 8 megapixel camera, Android 2.3 Gingerbread, Bluetooth, Wi-Fi and memory card slot.

In addition, the phone has e-wallet function, which means it can be used as an electronic wallet. This is not unusual in the Land of the Rising Sun, Japan to pay for purchases using the phone for many years.

Yahoo Phone, a possible rival for iPhone 5?

The phone is actually a rebranding AQUOS PHONE 009SH model, developed by Sharp and launched by SoftBank Mobile in a few weeks ago.

It is expected that the new Yahoo smartphone users to find specific Android operating system applications, and Japanese popular Yahoo services: Japan Home, Yahoo Calendar, Japan Auctions, Yahoo Dictionary or Yahoo Loco. Softbank will deliver the Yahoo phone in Japan starting September this year.