From Tumblr to Katie Couric, here's everything Verizon just bought from Yahoo
Verizon has acquired your emails, photos and embarrassing teenage blogs (plus a former NYT columnist and an ABC host)
Verizon has acquired Yahoo in an all-cash deal for $4.83bn. The buy-out, which only covers Yahoo's "core web business", is an ignoble end for one of the original giants of the web: it places the value of the company, with more than 10,000 employees, at just half that of Finnish developer Supercell, the maker of the popular Clash of Clans mobile game.
But perhaps the most surprising thing is quite how much Verizon is getting for its money. If you have an image of Yahoo at all, you probably know it as a search engine (now actually powered by Microsoft's Bing, and before that by Google) and a listings site (originally a literal hand-created directory of good sites on the internet, now more focused on the company's news aggregation service). But for those who haven't kept tabs on Yahoo's continued struggles to reinvent itself, the company is now sprawling, with fingers in almost every pie a web firm could want.
Continue reading...