Yahoo hack may cost the company the Verizon deal
8 years, 5 months ago

Yahoo hack may cost the company the Verizon deal

Firstpost  

Meanwhile, experts also said that bidders who try to extract themselves from mergers using the material adverse clause face an uphill battle. According to the Washington Post, Verizon General Counsel Craig Silliman said, “I think we have a reasonable basis to believe right now that impact is material. Roger Entner, an analyst at Recon Analytics, said “Verizon is rightfully upset about Yahoo not properly disclosing the breach.” According to the report, the deal had a clause that says Verizon can withdraw if a new event “reasonably can be expected to have a material adverse effect on the business, assets, properties, results of operation or financial condition of the business. Yahoo had also claimed that the cyber attack was carried out by a “state- Meanwhile, experts also said that bidders who try to extract themselves from mergers using the material adverse clause face an uphill battle.

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History of this topic

Verizon sells internet trailblazers Yahoo and AOL
3 years, 10 months ago

Verizon sells internet trailblazers Yahoo and AOL

The Hindu  

AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that …

Verizon sells internet trailblazers Yahoo and AOL for $5B
3 years, 10 months ago

Verizon sells internet trailblazers Yahoo and AOL for $5B

Associated Press  

AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that …

Yahoo! agrees to pay $35 million fine for 2014 data breach
6 years, 11 months ago

Yahoo! agrees to pay $35 million fine for 2014 data breach

India TV News  

agrees to pay $35 million fine for 2014 data breach Personal data was stolen from hundreds of millions of Yahoo users in the December 2014 breach attributed to Russian hackers. has agreed to pay $35 million as fine to resolve federal regulators' charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches that …

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation
7 years, 9 months ago

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Verizon Communications said on Tuesday …

Verizon takes over Yahoo to complete $4.5 billion deal
7 years, 9 months ago

Verizon takes over Yahoo to complete $4.5 billion deal

Associated Press  

SAN FRANCISCO — Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Yahoo’s email and other digital services such as sports, finance and news will be run by Tim Armstrong, who has been running AOL since Verizon …

Verizon takes over Yahoo to complete Rs 29,000 cr deal
7 years, 9 months ago

Verizon takes over Yahoo to complete Rs 29,000 cr deal

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands. She will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and stock awards that will be fully vested with …

Verizon to take over Yahoo, will cut 2,000 jobs
7 years, 9 months ago

Verizon to take over Yahoo, will cut 2,000 jobs

Firstpost  

After the Verizon deal, Yahoo will be renamed Altaba, a holding company whose primary assets will be its stake in Alibaba Group Holding Ltd and a 35.5 percent stake in Yahoo Japan Corp. Yahoo Inc shareholders on Thursday approved the company’s pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from …

Yahoo and AOL will merge to form a new company called Oath
7 years, 11 months ago

Yahoo and AOL will merge to form a new company called Oath

Firstpost  

AOL and Yahoo will be combined into a unit called Oath after telecom titan Verizon buys the pioneering internet firm, according to a tweet Monday by the AOL chief. A price cut early this year kept Verizon on track to consummate the purchase of Yahoo’s internet business, and share the costs from a pair of epic hacks that threatened to …

Yahoo punishes boss in latest fallout from security breakdown
8 years ago

Yahoo punishes boss in latest fallout from security breakdown

China Daily  

Marissa Mayer, CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, US, Nov 3, 2015. Mayer won't be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded her management team reacted too slowly to one breach discovered in 2014. Although Yahoo's security team uncovered evidence …

Yahoo salvages Verizon deal with USD 350 million discount
8 years, 1 month ago

Yahoo salvages Verizon deal with USD 350 million discount

India TV News  

Yahoo salvages Verizon deal with USD 350 million discount Yahoo is taking a USD 350 million hit on its previously announced USD 4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. Yahoo is taking a USD 350 million hit on its previously announced USD 4.8 …

Verizon to close Yahoo deal $250-$350 million less than original deal
8 years, 1 month ago

Verizon to close Yahoo deal $250-$350 million less than original deal

Firstpost  

Verizon Communications Inc is close to a revised deal to buy Yahoo Inc’s core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the …

Yahoo will close the sales with Verizon in the second quarter – Firstpost
8 years, 2 months ago

Yahoo will close the sales with Verizon in the second quarter – Firstpost

Firstpost  

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. Operating results for the fourth quarter, featuring a 15 percent gain in revenue from a year ago, appeared to provide some …

Yahoo to change name of major part of its business
8 years, 2 months ago

Yahoo to change name of major part of its business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Yahoo's chief executive Marissa Mayer …

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal
8 years, 2 months ago

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal

Live Mint  

Bengaluru: Yahoo Inc said on Monday that it would rename itself Altaba Inc and chief executive officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The …

What's next for Yahoo and Verizon?
8 years, 2 months ago

What's next for Yahoo and Verizon?

Salon  

By the end of March, Yahoo is supposed to enter a new phase of its 23-year existence through its acquisition by wireless carrier Verizon. “However I suspect they are keen to persist with the original strategy despite much criticism from shareholders.” If Verizon were to pull out of the deal, it’s unclear who else would want Yahoo. Verizon executives reportedly …

Verizon considers changing Yahoo deal after latest hacking case
8 years, 3 months ago

Verizon considers changing Yahoo deal after latest hacking case

Live Mint  

New York: Verizon Communications Inc. is looking at ways to modify its $4.8 billion deal to buy Yahoo Inc.’s core Internet business after the technology company disclosed a second massive data breach, people familiar with the matter told Reuters on Thursday. Yahoo Inc. shares fell almost 5% after the breach of data belonging to more than 1 billion users was …

Verizon says it’ll take a while to figure out how the Yahoo hack affects their deal
8 years, 5 months ago

Verizon says it’ll take a while to figure out how the Yahoo hack affects their deal

LA Times  

Verizon Communications Inc. is still evaluating how the hack at Yahoo Inc. affects its $4.8-billion agreement to buy the Internet company’s core assets, and it said figuring out the effects on the deal will be a “long process.” Verizon is interested in Yahoo because it wants to build an online advertising arm that could rival Google and Facebook. But a …

Yahoo’s traffic rises despite hacking
8 years, 5 months ago

Yahoo’s traffic rises despite hacking

Live Mint  

San Fracisco: If Verizon Communications really wants to renegotiate its $4.8 billion deal to buy Yahoo’s internet operations, it’s probably going to have a fight on its hands. That appears to contradict Verizon’s assertion last week that the damage to Yahoo’s business from the breach could’ve been severe enough to set off a provision in the sale agreement that would …

Verizon is said to see Yahoo breach affecting acquisition
8 years, 5 months ago

Verizon is said to see Yahoo breach affecting acquisition

Live Mint  

New York: Verizon Communications Inc.’s top attorney said it would be reasonable to assume that the hack into Yahoo! Verizon hasn’t definitively concluded that there was a material impact and is still waiting for Yahoo to complete its investigation into the situation, said the person, who asked not to be identified discussing private information. Reuters reported earlier Thursday that Verizon …

Yahoo’s data breach may impact its $4.83-billion deal to sell to Verizon
8 years, 5 months ago

Yahoo’s data breach may impact its $4.83-billion deal to sell to Verizon

LA Times  

Verizon’s deal to buy Yahoo for $4.83 billion could be on shaky ground after the Internet company disclosed last month a 2014 data breach that affected at least 500 million Yahoo accounts. “Based on what we know so far, we have reason to believe that Yahoo’s data breach has had a material impact,” Silliman said. The New York telecommunications company …

Yahoo hack: World's biggest data breach could compromise Verizon deal and cost hundreds of millions of dollars
8 years, 5 months ago

Yahoo hack: World's biggest data breach could compromise Verizon deal and cost hundreds of millions of dollars

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While its users are still digesting the news, the …

Yahoo hacked by cybercriminals, not state sponsor: security firm InfoArmor
8 years, 5 months ago

Yahoo hacked by cybercriminals, not state sponsor: security firm InfoArmor

Live Mint  

Inc.’s accounts were hacked in 2014 by cybercriminals rather than a state- Hackers-for-hire using pseudonyms who are well known in the underground community broke into Yahoo’s data, said Andrew Komarov, chief intelligence officer with InfoArmor. Yahoo said last week the attacker was a “state- “Yahoo was compromised in 2014 by a group of professional black hats who were hired to …

Yahoo Japan sought merger with parent ahead of Verizon deal
8 years, 6 months ago

Yahoo Japan sought merger with parent ahead of Verizon deal

Live Mint  

San Francisco: Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc—but was rebuffed—during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core assets for more than $4.8 billion, according to a regulatory filing detailing the sales effort. The board of Yahoo Japan in February sent a letter to Yahoo chairman Maynard …

Verizon expected to buy Yahoo core for $4.8b .
8 years, 8 months ago

Verizon expected to buy Yahoo core for $4.8b .

China Daily  

Activist investors including Starboard Value demanded and then pressured for change Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday. Verizon Communications Inc will announce plans to buy Yahoo's core assets for a bit more than $4.8 billion, said two people with direct knowledge of the situation who asked …

Verizon said to end Yahoo survival fight with a $4.8b deal
8 years, 8 months ago

Verizon said to end Yahoo survival fight with a $4.8b deal

China Daily  

A man drives a Mini Cooper with a Yahoo! Activist investors including Starboard Value demanded and then pressured for change Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday. Verizon Communications Inc will announce plans to buy Yahoo's core assets for a bit more than $4.8 billion, said two …

Verizon could boost Yahoo ad targeting, but challenges ahead
8 years, 8 months ago

Verizon could boost Yahoo ad targeting, but challenges ahead

Associated Press  

NEW YORK — Verizon’s deal for Yahoo could give the phone company a stronger foothold in digital advertising as it takes what it knows about its customers’ whereabouts and combines that with Yahoo’s popular destinations and AOL’s advertising expertise. Marketers could be drawn by Verizon’s ability to know where its phone users are, but that might apply only to Verizon’s …

Seeking wider digital audience, Verizon buys Yahoo for $4.8B
8 years, 8 months ago

Seeking wider digital audience, Verizon buys Yahoo for $4.8B

Associated Press  

SAN FRANCISCO — Seeking a wider digital audience, Verizon is buying Yahoo for $4.83 billion in a deal that marks the end of an era for a company that defined much of the early internet but struggled to stay relevant in an online world dominated by Google and Facebook. “But better late than never.” When the sale is complete early …

Why Yahoo Still Matters
8 years, 8 months ago

Why Yahoo Still Matters

Huff Post  

Yahoo CEO Marissa Mayer is seen in January 2014. Robert Galbraith / Reuters Verizon announced its long-awaited plan Monday morning to buy much of the ailing web giant Yahoo as the mobile behemoth looks to build an empire of media properties from the embers of the internet’s biggest early players. Yahoo will give Verizon, the largest wireless network in the …

Verizon confirms Yahoo! buyout worth $4.83bn
8 years, 8 months ago

Verizon confirms Yahoo! buyout worth $4.83bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Analysts have said the deal could mark the end …

Yahoo acquisition: Here's what Verizon does not get from the deal
8 years, 8 months ago

Yahoo acquisition: Here's what Verizon does not get from the deal

Firstpost  

There are certain things though that are not part of the Verizon-Yahoo deal however. With this acquisition, Verizon gets access to Yahoo’s advertising technology tools such as BrightRoll and Flurry, assets such as Search, Mail, Messenger as well as real estate. Yahoo which had bought around 40 percent of Alibaba back in 2005 for $1 billion in cash and later …

Verizon Buys Internet Giants Yahoo for $4.8 Billion
8 years, 8 months ago

Verizon Buys Internet Giants Yahoo for $4.8 Billion

The Quint  

Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. The sale announced on Monday marks the second time in two years that Verizon has snapped up the remains of a fallen internet star as it broadens its digital reach. Yahoo will be left with its stakes in Alibaba …

Verizon buys Yahoo web assets for $4.8 billion
8 years, 8 months ago

Verizon buys Yahoo web assets for $4.8 billion

Live Mint  

San Francisco: Verizon Communications Inc. agreed to buy Yahoo Inc.’s web assets for $4.83 billion, ending the company’s two-decade run as an independent business that took it from Stanford University start-up at the dawn of the Internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc. Verizon will pay cash in a deal that includes Yahoo …

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal
8 years, 8 months ago

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal

India TV News  

An end to Yahoo era, Verizon buys internet pioneer in Rs 32000 cr all-cash deal Verizon Communications has agreed to buy online portal Yahoo Inc. for little over $4.8 billion or around Rs 32200 crore, according to media reports. The deal is expected to be announced formally on Monday before Verizon Communications has confirmed $4.83 billion buyout of online pioneer …

Verizon buys Yahoo for $4.8 billion, and it’s giving Yahoo’s brand another chance
8 years, 8 months ago

Verizon buys Yahoo for $4.8 billion, and it’s giving Yahoo’s brand another chance

LA Times  

The Yahoo sign at the company’s headquarters in Sunnyvale, Calif. Verizon Communications Inc. built its business on pipes and antennae. “Yahoo is a company that changed the world,” Yahoo Chief Executive Marissa Mayer said in a note to employees. Yahoo’s Web business will be integrated with AOL, but AOL spokeswoman Caroline Campbell said “Yahoo brands will not go away.” Instead, …

Verizon 'agrees to buy Yahoo' for $5bn
8 years, 8 months ago

Verizon 'agrees to buy Yahoo' for $5bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Verizon has agreed to buy …

Verizon said to be buyer of Yahoo for $5 billion: Reports
8 years, 8 months ago

Verizon said to be buyer of Yahoo for $5 billion: Reports

Associated Press  

NEW YORK — Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company. Yahoo has been …

Verizon Buys Yahoo, Ending The Run Of An Internet Mammoth
8 years, 8 months ago

Verizon Buys Yahoo, Ending The Run Of An Internet Mammoth

NPR  

Verizon Buys Yahoo, Ending The Run Of An Internet Mammoth Enlarge this image Marcio Jose Sanchez/AP Marcio Jose Sanchez/AP Updated at 10 a.m. Yahoo has found a buyer for its core Internet business: the nation's largest telecom provider, Verizon Communications. Despite Dismal Reputation, Many People Still Do Listen · 4:03 4:03 As Bloomberg puts it, "Yahoo got fat over the …

Verizon said near $5 billion deal for Yahoo, beating rivals
8 years, 8 months ago

Verizon said near $5 billion deal for Yahoo, beating rivals

Live Mint  

New York: Verizon Communications Inc. is nearing a deal to buy Yahoo! Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business, one of the people said. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal. The deal would end …

Verizon reportedly close to acquiring Yahoo for around $5 billion
8 years, 8 months ago

Verizon reportedly close to acquiring Yahoo for around $5 billion

LA Times  

Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. A purchase could open the doors for Verizon to generate additional revenue through Yahoo’s editorial properties, video services and advertising technology. Selling ads around these outlets, as well …

AT&T looking to better Verizon's bid as Yahoo reviews new bids
8 years, 9 months ago

AT&T looking to better Verizon's bid as Yahoo reviews new bids

Firstpost  

Yahoo Inc is set to put together a new shortlist of bidders for its core internet assets after several parties, including Verizon Communications Inc and AT&T Inc, made second-round offers, people familiar with the matter said. A group led by a founder of Quicken Loans Inc, Dan Gilbert, and backed by Berkshire Hathaway Inc Chairman Warren Buffett also submitted an …

Verizon to bid $3 billion for Yahoo’s core business, report says
8 years, 9 months ago

Verizon to bid $3 billion for Yahoo’s core business, report says

LA Times  

Yahoo is led by President and CEO Marissa Mayer, shown in 2014. Yahoo Inc. shares are down slightly after a report that Verizon Communications Inc. is expected to bid $3 billion for the embattled tech company’s core Internet business. NEWSLETTER: Get the day’s top headlines from Times Editor Davan Maharaj >> Adding Yahoo could help Verizon push further into the …

Who might buy Yahoo, and what would they gain?
8 years, 11 months ago

Who might buy Yahoo, and what would they gain?

LA Times  

A Yahoo sale would mark an end for a company once considered a Web giant, but it’s an option investors have rallied behind. A sale would mark an end for a company once considered a giant of the Web, but it’s an option investors — who have grown increasingly frustrated with Yahoo’s direction — have rallied behind. They’d be buying …

The great Yahoo mystery: Who is investing and for how much?
13 years, 3 months ago

The great Yahoo mystery: Who is investing and for how much?

Firstpost  

Two bids are on the table for a 20 percent stake in Yahoo, but rumours that a whole-company offer is being put together that values the tech giant $25 bn could derail existing negotiations. Alibaba Group spokesman, John Spelich, said: “Alibaba Group has not made a decision to be part of a whole company bid for Yahoo.” This is despite …

The great Yahoo mystery: Who is investing and for how much?
13 years, 3 months ago

The great Yahoo mystery: Who is investing and for how much?

Firstpost  

Two bids are on the table for a 20 percent stake in Yahoo, but rumours that a whole-company offer is being put together that values the tech giant $25 bn could derail existing negotiations. Alibaba Group spokesman, John Spelich, said: “Alibaba Group has not made a decision to be part of a whole company bid for Yahoo.” This is despite …

Yahoo's Jerry Yang accused of playing both sides in big sales deal – Firstpost
13 years, 4 months ago

Yahoo's Jerry Yang accused of playing both sides in big sales deal – Firstpost

Firstpost  

On the same day that potential Yahoo buyers faced a deadline to sign confidentiality agreements, co-founder Jerry Yang came under a fresh attack from an activist shareholder who demanded his resignation. In a letter to Yahoo’s board, Daniel Loeb, chief executive officer of hedge fund Third Point LLC, said he was “deeply concerned” Yahoo is looking at deals that will …

Yahoo agrees ad deal with Google
16 years, 9 months ago

Yahoo agrees ad deal with Google

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft's plan to establish a …

Yahoo CEO on hot seat after rebuffing Microsoft's $47.5B bid
16 years, 10 months ago

Yahoo CEO on hot seat after rebuffing Microsoft's $47.5B bid

China Daily  

Yahoo CEO on hot seat after rebuffing Microsoft's $47.5B bid Updated: 2008-05-05 08:44 SAN FRANCISCO - Yahoo Inc. Chief Executive Jerry Yang has gotten what he wanted: a chance to prove his company is worth more than the $47.5 billion that Microsoft Corp. offered to buy the Internet pioneer. Related readings: Yahoo to stay focused on alternatives - source Microsoft …

Shareholders Want Microsoft-Yahoo Deal Done -- Pronto
17 years, 1 month ago

Shareholders Want Microsoft-Yahoo Deal Done -- Pronto

Wired  

Let's suppose Yahoo holds its board meeting today, as TechCrunch is reporting -- we wouldn't expect a definitive response to Microsoft's hostile $44.6 billion bid immediately, especially not on a Friday afternoon. Although technology industry shareholders tend to be a pretty litigious bunch -- Yahoo is currently facing several securities lawsuits, according to its most recently quarterly report -- if …

Microsoft Makes $44.6 Billion Offer to Buy Yahoo
17 years, 1 month ago

Microsoft Makes $44.6 Billion Offer to Buy Yahoo

NPR  

Microsoft Makes $44.6 Billion Offer to Buy Yahoo Steve Inskeep and Todd Bishop of The Seattle Post-Intelligencer: Behind Microsoft's Strategy Listen Q&A: Microsoft's Bid What do Microsoft and Yahoo stand to gain from the deal, which would be Microsoft's largest ever? Read a Q&A Microsoft Corp. on Friday announced it has made an unsolicited bid to buy Yahoo Inc. for …

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