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?
(Score: 1, Interesting) by Anonymous Coward on Monday July 25 2016, @08:09PM
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(Score: 2) by E_NOENT on Tuesday July 26 2016, @12:55PM
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
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
Thanks! +1
I'm not in the business... I *am* the business.