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Press Release

Mar 23, 2000

Yahoo! Plans To Offer Person-To-Person Payment Solution To Buyers And Sellers

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YAHOO! PLANS TO OFFER PERSON-TO-PERSON PAYMENT SOLUTION TO BUYERS AND SELLERSSANTA CLARA, Calif. -- March 23, 2000 -- Yahoo! Inc. (Nasdaq: YHOO) today announced it has acquired Arthas.com Inc., a leading provider of Web-based person-to-person electronic commerce payment services. Arthas.com had been operating under the trade name dotBank.com. The Arthas.com acquisition supports Yahoo!'s strategy to be the world's largest enabler of online transactions by providing buyers and sellers with the most diverse and convenient suite of commerce services on the Web. The addition of Arthas.com's capabilities is expected to enhance Yahoo!'s current commerce offerings by providing Yahoo!'s 120 million individual users a secure and convenient person-to-person payment service. Yahoo! is designing the service as an open platform payment solution and plans to thread it throughout Yahoo!'s network of integrated commerce services.

"We are committed to enabling the world's largest audience of users to take advantage of the best commerce experience available on the Web today and into the future," said Tim Brady, senior vice president of Network Services, Yahoo!. "We expect this acquisition will help us deliver the best-of-breed person-to-person payment solution available on the Web, and will enable us to further expand the services for consumers of Yahoo!'s person-to-person properties." Yahoo!'s person-to-person payment service is expected to be launched later this year as Yahoo! PayDirect.

Arthas.com's technology platform enables individuals to electronically send money to and receive money from anyone with an email address. Individuals also can send personalized electronic bills to anyone with an email address, which can be quickly paid online using the payment service. Additional possible applications for person-to-person payments services include online auctions, classifieds and event planning.

"We couldn't be happier to join the Yahoo! team," said Robert Simon, co-founder of Arthas.com, Inc. "By joining the Web's leading enabler of commerce, we can deliver our easy-to-use, secure, cost-effective payment solutions to the world's largest audience of online purchasers."

Yahoo! has the highest reach among online buyers, according to Intelliquest's Q4 1999 research findings. The company plans to initially begin offering its new person-to-person payment functionality in Yahoo! Auctions, the No. 2 auctions site on the Web (Nielsen/NetRatings, Feb. 18, 2000) to enable buyers and sellers in the United States to make and accept payment for goods purchased and sold.

About Yahoo!
Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services to 120 million people each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach, and is one of the most recognized brands associated with the Internet. The company also provides online business services designed to enhance Yahoo!'s clients' Web services, including audio and video streaming, store hosting and management, and Web site tools and services. The company's global Web network includes 22 World properties. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, Calif.

This announcement contains forward-looking statements that involve risks and uncertainties including risks related to product development, the ability to successfully integrate the two companies, and the ability to realize the synergies and other perceived advantages resulting from this acquisition. More information about potential factors that could affect the company's business and financial results is included in the company's Current Report on Form 8-K dated July 20, 1999 and amended on Dec. 23, 1999, the Annual Report on Form 10-K for the year ended Dec. 31, 1998, and the Quarterly Report on Form 10-Q for the period ended Sept. 30, 1999, including (without limitation) under the captions, "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors," which are on file with the Securities and Exchange Commission (http://www.sec.gov).

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