Fergie's Tech Blog

Yahoo! Planning New Campus In Santa Clara County

Katherine Conrad writes in The Mercury News:

Internet giant Yahoo of Sunnyvale has acquired 42.5 acres in Santa Clara for a new campus that could serve as its corporate headquarters.

Yahoo, which bought the property from San Francisco-based TMG Partners, is quickly expanding its workforce, which grew by about one-third last year to more than 10,000 worldwide.

Yahoo closed escrow Thursday on the 42.5 acres and is expected to finalize the purchase of an additional 3.5 adjacent acres -- also from TMG -- along Tasman Drive in the next few weeks. The company is buying the 46 acres for about $50 million, according to a source close to the deal.

posted by Fergie @ 7/09/2006 09:33:00 PM