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Verizon to Buy (Parts of) Yahoo! For $4.83 Billion

posted by martyb on Monday July 25 2016, @12:55PM   Printer-friendly
from the how-the-once-mighty-have-fallen dept.

takyon writes:

Yahoo! has finally found a billions-slinging buyer for its "assets":

Verizon Communications Inc said Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. The purchase of Yahoo's operations will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, and give it access to Yahoo's ad technology tools, BrightRoll and Flurry, and assets such as search, mail and messenger.

The deal, expected to close in early 2017, marks the end of Yahoo as an operating company, leaving it with a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd and a 35.5 percent interest in Yahoo Japan Corp. "The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo," Yahoo Chief Executive Marissa Mayer said in a statement on Monday.

Did you know that Verizon owns TechCrunch?

Microsoft executives recalled a previous buyout attempt and breathed a sigh of relief:

In February 2008 Microsoft Corporation made an unsolicited bid to acquire Yahoo for US$44.6 billion. Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders. Three years later Yahoo had a market capitalization of US$22.24 billion.

martyb: Registered on 1995-01-18, yahoo.com has been around for a long time. Many services were made available on their site such as e-mail, groups, finance. What, if any, of their services have you used? Do you still use them? What are your plans in light of the buyout?

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  • (Score: 0) by Anonymous Coward on Monday July 25 2016, @01:06PM

    by Anonymous Coward on Monday July 25 2016, @01:06PM (#379780)

    All I care about is whether or not Mozilla gets their $1B no-strings attached payout. I don't really use yahoo for anything, but without that sweetheart money we could be forced into the arms of chrome and that would be just as bad as when MS IE had 90% of the browser market.

  • (Score: 2) by takyon on Monday July 25 2016, @01:15PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Monday July 25 2016, @01:15PM (#379783) Journal

    If Mozilla needs another billion to survive on top of the billions they received from Google, then their organization is completely broken.

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

    • (Score: 0) by Anonymous Coward on Monday July 25 2016, @01:49PM

      by Anonymous Coward on Monday July 25 2016, @01:49PM (#379799)

      They just barely broke a billion grossed over their entire decade long contract with google. Similarly their contract with yahoo is for a billion spread out over multiple years.

      • (Score: 2) by takyon on Monday July 25 2016, @02:19PM

        by takyon (881) <takyonNO@SPAMsoylentnews.org> on Monday July 25 2016, @02:19PM (#379816) Journal

        https://en.wikipedia.org/wiki/Mozilla_Foundation#Financing [wikipedia.org]

        In 2006, the Mozilla Foundation received US$66.8 million in revenues, of which US$61.5 million is attributed to "search royalties" from Google.[11]

        From 2004 to 2014, the foundation had a deal with Google to make Google Search the default in the Firefox browser search bar and hence send it search referrals; a Firefox themed Google search site was also made the default home page of Firefox. The original contract expired in November 2006. However, Google renewed the contract until November 2008 and again through 2011.[12] On December 20, 2011, Mozilla announced that the contract was once again renewed for at least three years to November 2014, at three times the amount previously paid, or nearly US$300 million annually.

        They made nearly a billion in just the last 3 years of the relationship, on top of more hundreds of millions paid as early as 2004.

        --
        [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

        • (Score: 0) by Anonymous Coward on Monday July 25 2016, @03:38PM

          by Anonymous Coward on Monday July 25 2016, @03:38PM (#379854)

          You seem to be disputing what I said by agreeing with me. Less than 900 million plus a couple of hundred more million is barely breaking a billion.

  • (Score: 1, Informative) by Anonymous Coward on Monday July 25 2016, @05:07PM

    by Anonymous Coward on Monday July 25 2016, @05:07PM (#379912)

    I hear people maligning Chrome all the time, and I don't get it.

    Facts are, it's technically superior to Firefox. It's way faster objectively and subjectively. While Chrome proper is spyware, Chromium is open source and available in all the major repos, so there's not even a "free software!" argument to make against it. It's standards compliant. It has a thriving and Firefox-equivalent extension community.

    What gives? Is it pure "not invented here" syndrome or bitterness at Google?

    • (Score: 2) by DECbot on Monday July 25 2016, @06:57PM

      by DECbot (832) on Monday July 25 2016, @06:57PM (#379977) Journal

      Robot resume rejection email perhaps? No gmail beta invitation? Still yearning for Reader? Wave? "I can't believes I sent it all of our datas, my iPrecious!"

      --
      cats~$ sudo chown -R us /home/base

    • (Score: 1, Interesting) by Anonymous Coward on Monday July 25 2016, @08:09PM

      by Anonymous Coward on Monday July 25 2016, @08:09PM (#380018)
      Being open source doesn't mean it's not spyware. Sorry for the unusual attachment, but the following is a gzipped base64 log of urls that chromium requests on startup, to showing the favorites menu, to clicking on soylentnews. One of the extensions is the app store, where loads of javascript are pulled from the net and has special access to the internals of chromium. Then there are other coded transmissions back to the mothership.

      H4sIAFFxllcCA+1a227bNhi+31P4JkYL0DrZjmMDQuYesmQpkCxxmrU3AkXSFG2KVEjKhz79KMnG
      kjTFgtZSsjaAIB5E8T9/pH5qIRluxZyJ+Wh0QbTMFSIX5CYn2oxGmpiriw+vkBTabAed2p5W+3Ur
      V3zUQomSKemQlSFCMylGrkspTTGPp2mSSJGlFMI54pzROaNCECLdiBJBFDQERzFEc6pkLnCUQUqc
      xKT8t8WuOcrgdB5TitMZz+gcz1E8S5N0inAmEMQ0qZmjxJhMWzaWy6VDpaScOEimbuRWrLqCLA2M
      D4nOFmHQZiS8mhx1DnavhhfD7N4w7yTKUyLMBwkxUaORFS1X5FoxQ9SG8vXkaDQaG5kydGkUE7TV
      Bq1GDdeSC6IUw5b2qNU8+z9q5bvsx1Lyb7GfwnVMisb7NDPrV69bWvCKrZql/raGm4lcJBVxZvoJ
      IjQ3jDOzfhriCCqs75PevXUfhxMdTdSCIbKUak6U5apmp/hP7fwbSz9une9UwbMwzH0A36Vdthxo
      zR2qDTQMlSxsGLDVTAors3axlJiTjpCGTRlRHS+ocQljqQVP7cYKikJMt3rEJZVusLrVipDkUkXB
      IFgNA5w5maD1MLSaaWsWe5uHtuoIkzlERFeXznh1/jFZnaerNyfOmZuGMw2BfQowQJq5yoQzF4e+
      a8IvKNWu0uH47WToyT9mX8YX13p1Ek0+nZ7g48/Xx4MJ7TIYnT+1BDpDyZZx7xkw/mhfsAtKYhrz
      CLvmR4HXO1yE3bYOq0htQ7POQmv4NmFhMoYnHztk/K4Hc3J+fbzo0eM2xEnYtvoPmWDGCYZ9p1ua
      Ihj2LNxAx3fiGDteOwt1W2Qi9NtWfHu39siUcXpBfwDs61w7ve6BDyR3evtDr+gi2ul7/V5ZJU6/
      1xsW1aoCp/ZV/2AfLLWd5MDv9a13GscDWJSFurGFHwyA0plxumXbOP39oQ9yYTv6/YPihU0Ns2Jw
      Pxj8MnsZTaBCifWBVGrTWTBtucOuthR4tcU7VCS1ZCdWH4Zl4Tsp9oKB2Qs8ncilLYq2ZxKmbVHs
      C+txSajXAm0XjbIRrhge+SCapmY001J80y83S8za3l7Cpa5weVFsA4qt7ZNw5yBQxz7uf4QIL2j1
      M6PVY4IGad0Albq+HZ+V/97/fqPxdt+88KPB/uCgSwLv2W2GkWFShHmGoSEPRcUqUU5v4Fc+7nd7
      XuXjfn/gD152sN8VISbJ09gtzLix4lTK0oS10Alcf8fzTuGC2dE2uL8Q19//3V81IMwDRHcv2VeW
      0XLNrV/ZaNKOVLQuCwWNWqhmoR60VFCbpQoohAhJizH6Nh5eVnnED5IycbhJKoblNCxPi6WiraHK
      LMhZooaJnITlbHvd8V5wZK+78Go7mDDcFkR0ri5tWXFkKzGHYl7uPve6R5Vce913fk2u0m3GVX4R
      rT7oq926UeWWPjdJ3kILLhHuknDbu8uz0q8cqNco1jyJqA9atVcrAlVPb4u7JLE2UpHDhIdE1GTM
      fnNo0LCED9qwv8ut862tuqTbvLykjr2qrPzqaPg2oTeLfPrJOavS8WnIMaAcMA0YBiIGYgl0DDQG
      GVhgAJcYaAO4xIDYgSwDOAMowy5ZpWFsQAw1AbEAcW577RA70r7OgGBAT0FuhxdzAGavKaAMLBjI
      GCA3IEflEQYpbsU5wDj4pCaL8XrwFvorPE0ns+EJ5jf0jHv8xluJ8cs3xrNN+z0vbfyUR927OGp+
      cZPdaANmTN81gkbahTHqVAC8RV5qBzrljQhn1lkPbv7483RNvfJAtOiP2FTBlGhQTVbMGyHOrO+C
      jOdaClJhtF5YkLyDlsfZmZQdP46hMR/P1GD95v3fOf58dH7Kj4L4Qv7loriiz4sowJG348WMSwR5
      R5hsmxFCXGoSdaMU6nmZEvrpkyD1fX/WO7N+zNT1guh90rX8fHKPRrFTKZLDh4okUCeRvx95gb1q
      ImeBodCfbpDk7XZzVDfxb2TG0KYon+0uLfwIipqgXBV/3DVKFZNF8f+ITJslm0CFl1CRZqmmxMD6
      KWYWSIxD2bReMrCELSnqp6S0rplQpbLGA778O+r2s8I3/gEUo4rdODEAAA==

      • (Score: 2) by E_NOENT on Tuesday July 26 2016, @12:55PM

        by E_NOENT (630) on Tuesday July 26 2016, @12:55PM (#380278) Journal

        Fascinating stuff. And this is in CHROMIUM (the free and supposedly vetted version) of Chrome?

        I see dark days ahead. Historically I haven't been concerned about Mozilla and privacy (you can opt out of data collection I believe) but if Firefox tanks or fails to keep up, what's left?

        Only browsers that explicitly ship your data off to some unknown behemoth?

        --
        I'm not in the business... I *am* the business.

        • (Score: 0) by Anonymous Coward on Tuesday July 26 2016, @06:38PM

          by Anonymous Coward on Tuesday July 26 2016, @06:38PM (#380396)

          Yes, a checkout of plain chromium source from May or so. And from what I suspect, there are other transfers that may happen outside the DOM/ResourceRequest layer.

          • (Score: 2) by E_NOENT on Wednesday July 27 2016, @02:01PM

            by E_NOENT (630) on Wednesday July 27 2016, @02:01PM (#380734) Journal

            Thanks! +1

            --
            I'm not in the business... I *am* the business.