Yahoo! Completes Four11 Acquisition

SANTA CLARA, Calif. -- Oct. 23, 1997 -- Yahoo! Inc. today announced it has successfully completed the acquisition of Four11 Corporation, an online communications and directory company. In conjunction with the acquisition, Yahoo!® issued or reserved for issuance 1,654,099 shares of Yahoo! common stock for all Four11 shares, options and warrants. The transaction was accounted for as a pooling of interests.

Four11 is the creator of several directory services, including e-mail, phone and address listings, along with Internet-based communications services such as net-phone software tools and RocketMail, a free Web-based service. Yahoo! recently introduced Yahoo! Mail, a free, Web-based e-mail service based on RocketMail technology.

Yahoo! plans to leverage Four11's offerings to complement and grow Yahoo!'s already robust communications services, which currently include chat, message boards, classifieds, yellow pages and white pages. Four11's products include RocketMail, recently ranked the best free e-mail service by C|Net, the Four11 directory and Four11 Connect (net-phone software tools). Moving forward, Yahoo! will continue to grow the Four11 directory and net phone services and integrate them into the Yahoo! network of properties.

About Yahoo!
Yahoo! Inc. (NASDAQ:YHOO) is a global Internet media company that offers a network of branded Web programming that serves millions of users daily. As the first online navigational guide to the Web, www.yahoo.com is the single largest guide in terms of traffic, advertising, household and business user reach, and is one of the most recognized brands associated with the Internet. Yahoo! Inc. provides targeted Internet resources and communications services for a broad range of audiences, based on demographic, key-subject and geographic interests. Yahoo! is headquartered in Santa Clara, Calif.

This announcement contains forward looking statements that involve risks and uncertainties, including those relating to the company's ability to expand its communications offerings and to effectively integrate Four11's operations and services into those of the company. More information about potential factors which could affect the company's financial results is included in the company's annual report on Form 10-K for the year ended Dec. 31, 1996, the company's quarterly report on Form 10-Q for the period ended June 30, 1997, and the company's registration statement filed on Form S-3 dated Aug. 4, 1997, which are on file with the Securities and Exchange Commission (http://sec.yahoo.com/edgar/latest/yhoo.html).