Ulyssesonline

the tech surfer

  • Home
  • About
  • Archives
  • Category
    • General
    • Tech
    • Apple
    • PHP
    • Linux
    • WordPress
    • HTML
    • CSS
    • Javascript
    • Networks
You are here: Home / General / Verizon Buys Yahoo

July 25, 2016

Verizon Buys Yahoo

Verizon is buying Yahoo for $4.8 billion per ArsTechnica.

Those assets will form part of a new publicly traded company that will be spun out of Yahoo as a separate business. It’s unclear who will head up that firm, however.

Verizon CEO Lowell Adam said: “Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators, and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.”

Yahoo will be thrown into the mix with AOL—also a faded Internet star that burned brightly in the ’90s.

The business will be steered by Verizon’s Executive VP Marni Walden, the company said.

Yahoo CEO Marissa Mayer—in a carefully worded statement that made no mention of her future at the company once it joins AOL in the Verizon fold—said:

Filed Under: General Tagged With: aol, verizon, yahoo

Tech

  • Facebook Tracks Mouse Movements
  • Is MCN Era Ending?
  • SeTvNow
  • Tesla Production Problems

Linux

  • Never Root in Container
  • Zorin OS
  • History of Linux
  • Ubuntu 18.04 LTS

Subscribe

Copyright © 2003 - 2018