| First of its kind in the country, 'Yahoo! Labs - Bangalore' would be a centre of excellence for next generation search and advertising technologies, focused on making the Web more relevant and simple for users and advertisers, the firm said in a statement. |
| The internet firm is fighting a $44.6 billion takeover bid from software giant Microsoft since the beginning of February. |
| Interestingly, Yahoo! had recently announced plans to cut down its worldwide workforce by 1,000 employees, which was followed by 40 people being told to quit at its India operations in Bangalore. |
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