“Verizon said on Tuesday it would buy Yahoo’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company,” Reuters reports.
“The closing of the deal, which was first announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed last year,” Reuters reports. “The deal brings to Verizon Yahoo’s more than 1 billion users and a wealth of data it can use to offer more targeted advertising. Verizon will combine Yahoo’s advertising technology tools as well as its search, email and messenger assets with its AOL unit, purchased for $4.4 billion in 2015.”
“The combined Yahoo and AOL businesses will help diversify Verizon away from its core wireless business, wrote Jennifer Fritzsche, an analyst at Wells Fargo, but ‘we would note its digital media and advertising business would still be a small percentage of revenues,'” Reuters reports. “Verizon and Yahoo said they expect the deal to close in the second quarter.”
Marissa, how you gave us such tepid pleasure. Alas, glory never bestowed itself upon you. It was good while it lasted. Red does well for you though. Maybe you will find a place supporting cell phones, more rewarding – maybe pedaling Android phones or Chromebooks is your thing.
Considering MS bought Skype for..what..8 Billion..not a bad deal. Yahoo! May still have some profit left in it. I still don’t understand the Skype deal.
Now the media are going to be mostly owned by cable/wireless providers. Verizon will have Yahoo with all its media content, while Comcast has big stakes in Vox/Verge, Buzzfeed, others, along with all other media they own.
Nice hat that ball is wearing!
lol, no AOL and no Yahoo = no Verizon
How’s them apples?
Marissa, how you gave us such tepid pleasure. Alas, glory never bestowed itself upon you. It was good while it lasted. Red does well for you though. Maybe you will find a place supporting cell phones, more rewarding – maybe pedaling Android phones or Chromebooks is your thing.
Didn’t the big fat sweaty guy offer to buy them for 45B several years ago, to bolster Bing? Some shareholders should be real mad.
The bald guy upped it to $50B. But still they refused.
Considering MS bought Skype for..what..8 Billion..not a bad deal. Yahoo! May still have some profit left in it. I still don’t understand the Skype deal.
I feel dirty and ashamed for asking, but could MDN continue to follow Melissa Mayer’s career?
Talk about pissing money away on a pig in a poke…
Now the media are going to be mostly owned by cable/wireless providers. Verizon will have Yahoo with all its media content, while Comcast has big stakes in Vox/Verge, Buzzfeed, others, along with all other media they own.