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.
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,
pvalu
sable stake
s in Alibaba, Yahoo Japan and non-core patents. Once a mainstay of the internet, Yahoo steadily declined in popularity and relevance as
a successi
on of CEOs mismanaged t
he 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.
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.