Yahoo Pulls Out Of Scandinavia

Some pin-pricking in the Yahoo’s chest thumping following its results last week: Yahoo will pull out of Scandinavia at the end of the month, closing its Nordic branch in Copenhagen which covers Norway and Sweden in addition to Denmark. The unit would be shut down at the end of January and all 20 employees would be laid off.

A Danish newspaper who first broke this news, reported that Yahoo decided to leave Scandinavia because it was losing money there.

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