Pipe 1NDH6 Aging Telecom Company Buys Aging Web Search Company

Aging Telecom Company Buys Aging Web Search Company

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in internet on (#1NDH6)
Yahoo has sold off its operating business for about $4.8 billion to Verizon Communications in a cash deal that will reduce the storied tech company to mainly holding its cash, plus stakes in Alibaba, Yahoo Japan and non-core patents. Once a mainstay of the internet, Yahoo steadily declined in popularity and relevance as a succession of CEOs mismanaged the company and failed to remain nimble enough to keep up with its competitors. For $4.8 billion Verizon will get Yahoo’s 1 billion monthly active users, its internet properties and key applications like search, email, and Yahoo's advertising systems. Yahoo will get yet another chance to reinvent itself and possibly find a way to make itself relevant in today's market. No word on if president and Chief Executive Officer Marissa Mayer will be retained or if she'll be shown the door.

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2016-07-26 00:07
Yahoo sells internet biz to Verizon in $4.8B deal
evilviper@pipedot.org
Yahoo has sold off its operating business for about $4.8 billion to Verizon Communications in a cash deal that will reduce the storied tech company to mainly holding its cash, pvalusable stakes in Alibaba, Yahoo Japan and non-core patents. Once a mainstay of the internet, Yahoo steadily declined in popularity and relevance as a succession of CEOs mismanaged the company and failed to remain nimble enough to keep up with its competitors. For $4.8 billion, Verizon will get Yahoo’s 1 billion monthly active users, its internet properties and key applications like search, email, and Yahoo's advertising systems. Yahoo will get yet another chance to reinvent itself and possibly find a way to make itself relevant in today's market. No word on if president and Chief Executive Officer Marissa Mayer will be retained or if she'll be shown the door.
2016-07-26 00:08
Yahoo sells internet business to Verizon in $4.8B deal
evilviper@pipedot.org
Yahoo has sold off its operating business for about $4.8 billion to Verizon Communications in a cash deal that will reduce the storied tech company to mainly holding its cash, valuable stake in Alibaba, Yahoo Japan and non-core patents. Once a mainstay of the internet, Yahoo steadily declined in popularity and relevance as it failed to keep up with its competitors. For $4.8 billion, Verizon will get Yahoo’s 1 billion monthly active users, its internet properties and key applications like search, email, and Yahoo's advertising systems. Yahoo will get yet another chance to reinvent itself and possibly find a way to make itself relevant in today's market. No word on if president and Chief Executive Officer Marissa Mayer will be retained.
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