Verizon to acquire Yahoo!
Thursday, July 28, 2016
On Monday, US telecom giant announced acquisition of for a reported amount of US$4.83 billion ( 4.36 billion). Per the all-cash deal, Verizon would own only the core web business — in particular, and would not be acquired by Verizon.
Going public in 1996, Yahoo! provided Microsoft offered US$44 billion for Yahoo!'s acquisition. The deal is expected to complete next year.service a year later. Once having a worth of US$ 125 billion, Yahoo!'s value on Friday's closing was about $37 billion. Eight years ago,
Last year, Verizon gained ownership of, , and as it purchased their owner (AOL) for US$4.4 billion. Acquisition of Yahoo! means Verizon would own micro-blogging website which was purchased by Yahoo! under ex-Google employee and Yahoo! CEO in 2013. Tumblr was formed by school dropout in 2007. Verizon would also own photo sharing site , acquired by Yahoo! in 2005.
Yahoo! received bids from the owner ofas well as from — another American telecom giant. After handing over ownership to Verizon, Yahoo! would be selling about 3,000 patents at auction.
Though Mayer has expressed she would like to remain the CEO,reported Verizon CEO Marni Walden is yet to decide the leadership team. Mayer said it was a big day for Yahoo!.
This acquisition would end Yahoo!'s 20 years as an independent company and an early-emerging company in, . The company started as "Jerry and David's Guide To The World Wide Web" in 1994, by and based at .
- Alex Hern. "From Tumblr to Katie Couric, here's everything Verizon just bought from Yahoo" — , July 25, 2016
- Brian Solomon. "Yahoo Sells To Verizon In Saddest $5 Billion Deal In Tech History" — , July 25, 2016
- "Verizon confirms $4.83 billion buyout of Yahoo, marking end of an era: 10 things to know" — , July 25, 2016
- Dominic Rushe. "Marissa Mayer hits out at 'gender bias' as Yahoo is sold for $5bn" — , July 25, 2016
- Marissa Mayer. "Verizon to acquire Yahoo's operating business" — , July 25, 2016