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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: 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.

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  • (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.

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      • (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.