Home › News ›

Verizon to Buy Yahoo's Internet Business for $4.8B

Article Comments

Jul 25, 2016, 7:04 AM by Eric M. Zeman

Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon. Verizon has spent the last few years building up its media business units. Yahoo claims to have more than 1 billion active monthly users, of which 600 million are mobile. Combining Yahoo and AOL will give Verizon control over 25 established brands, including news sites, analytics engines, email services, and advertising platforms. The sale does not include Yahoo's stake in Alibaba, Yahoo Japan, and other entities. Post sale, the remaining business will be rebranded as it transforms into an investment company. Verizon and Yahoo expect the deal to close during the first quarter of 2017, pending regulatory and shareholder approval. Verizon Communications is the parent company of Verizon Wireless.

Related

Samsung Refines its Foldable Phones

Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

iPhone 15 Series Goes All-In on USB-C and Dynamic Island

Sep 12, 2023
Apple has revealed the iPhone 15 series, which moves to a USB-C connector and brings several key features from last year's Pro models to the more-affordable standard models. These include the pill-shaped sensor cutout in the display that Apple calls Dynamic Island, a brighter display that can reach 2000 nits, a 48 megapixel main camera, and the A16 Bionic processor chip.

Samsung S24 Series Adds More AI, Updates the Hardware

Jan 17, 2024
Samsung has unveiled its lineup of flagship phones for 2024, the Galaxy S24 series. The phones sport multiple upgrades in both hardware and software compared to last year's models.

iPhone 16 Brings More Features to All Price Points, Including New Camera Control

Sep 9, 2024
Apple has announced the iPhone 16 series, which — compared to previous years' models — does not restrict as many key features to the Pro models, or to the most-expensive Pro Max model. For example, the all-new Camera Control on the side comes on all four models.

more news about:

Comments

This forum is closed.

No messages

Page 1 of 1