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 derail the deal. The Kremlin denied any official Russian involvement in cybercrimes after the US indicted two FSB intelligence agents over cyber attacks on Yahoo that compromised 500 million accounts. Yahoo chief Marissa Mayer will quit the company’s board after the merger with Verizon that creates Oath, according to an SEC filing, though she is expected to remain with the core Yahoo business.

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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 …

AOL and Yahoo, once-pioneering tech platforms, are being sold in a $5 billion deal
3 years, 10 months ago

AOL and Yahoo, once-pioneering tech platforms, are being sold in a $5 billion deal

Firstpost  

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 …

Verizon sells off media division including Yahoo, AOL for $5bn
3 years, 10 months ago

Verizon sells off media division including Yahoo, AOL for $5bn

Al Jazeera  

The US-based telecommunications company’s main priority is now its wireless business and the construction of a multibillion-dollar network for advanced 5G services. Verizon Communications Inc. agreed to sell its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL and Yahoo. Tim Armstrong, head of AOL, said at the time …

Verizon to sell its Yahoo, AOL unit to Apollo in $5-billion deal
3 years, 10 months ago

Verizon to sell its Yahoo, AOL unit to Apollo in $5-billion deal

LA Times  

AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the 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 would compete with …

Verizon admits defeat with $4.6-billion AOL-Yahoo writedown
6 years, 3 months ago

Verizon admits defeat with $4.6-billion AOL-Yahoo writedown

LA Times  

Verizon Communications Inc. is conceding defeat in its crusade to turn a patchwork of dot-com-era businesses into a thriving online operation. Rather than attempt a megadeal like AT&T Inc.’s $85-billion acquisition of Time Warner Inc., Verizon spent only about $9.5 billion in the last three years buying fading web giants. The revision of the Oath division’s accounting leaves its goodwill …

Verizon says CEO of Oath — which contains AOL and Yahoo — is stepping down
6 years, 6 months ago

Verizon says CEO of Oath — which contains AOL and Yahoo — is stepping down

LA Times  

Tim Armstrong, shown in 2009, was chief executive of AOL when Verizon bought his company in 2015. Tim Armstrong, who was the chief executive of AOL when Verizon bought his company in 2015, was responsible for leading Oath, the Verizon subsidiary that contains AOL and Yahoo. Armstrong will be succeeded Oct. 1 by K. Guru Gowrappan, Oath’s president and chief …

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 …

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits
7 years, 9 months ago

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that marks the end of the Yahoo’s 21-year-old history as a publicly traded company and the five-year reign of Yahoo CEO Marissa Mayer. CEO Mayer will not be joining Verizon and will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and …

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 slashes 2,100 jobs after the Yahoo merger
7 years, 9 months ago

Verizon slashes 2,100 jobs after the Yahoo merger

Firstpost  

Verizon alongside AOL and Yahoo will cut 15 percent of the 14,000 workers they now employ, or about 2,100 jobs, said a person familiar with the matter. AOL and Yahoo will cut 15 percent of the 14,000 workers they now employ, or about 2,100 jobs, said a person familiar with the matter who requested not to be identified discussing the …

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 …

Verizon’s first move with Yahoo is to ditch 2,100 jobs
7 years, 9 months ago

Verizon’s first move with Yahoo is to ditch 2,100 jobs

Associated Press  

NEW YORK — About 2,100 jobs are on the chopping block as Verizon prepares to combine Yahoo and AOL for a digital advertising offensive. USING YAHOO Verizon has a simple goal in buying Yahoo’s core business: It wants to challenge Google and Facebook in the huge and lucrative field of digital advertising. Verizon wants to become a strong third choice …

Yahoo And AOL Move In Together Under 'Oath,' Verizon's New Digital Arm
7 years, 11 months ago

Yahoo And AOL Move In Together Under 'Oath,' Verizon's New Digital Arm

NPR  

Yahoo And AOL Move In Together Under 'Oath,' Verizon's New Digital Arm Enlarge this image toggle caption Mary Altaffer/AP Mary Altaffer/AP There's a new brand on the Internet that's taking over some old ones — or at least old in Internet years. Sponsor Message Oath, the umbrella under which Yahoo and AOL will live, is the result Verizon's $4.5 billion …

Verizon will combine Yahoo and AOL to create a new company called 'Oath'
7 years, 11 months ago

Verizon will combine Yahoo and AOL to create a new company called 'Oath'

Wired  

A filing with the US Securities and Exchange Commission has revealed something of what Yahoo will look like if the Verizon deal is finalised iStockphoto Following Verizon's purchase of Yahoo, the firm has decided to combine its newly purchased asset with another former internet giant: AOL. Tim Armstrong, the CEO of AOL, has announced that starting this summer the two …

Yahoo CEO Marissa Mayer could get $23 mn golden parachute: Report
8 years ago

Yahoo CEO Marissa Mayer could get $23 mn golden parachute: Report

Firstpost  

A securities filings revealed that Marissa Mayer could get a golden parachute of $23 million as part of her planned departure from Yahoo. Yahoo seems have taken a hit with its asking price thanks to two major leaks that were revealed since the Verizon first announced its purchase price of $4.83 billion last year in July. The Wall Street Journal …

AOL chief says firm shopped buyout deals to Google, Facebook
8 years ago

AOL chief says firm shopped buyout deals to Google, Facebook

Live Mint  

Wilmington : AOL Inc. sought to cut a deal with online rivals Google Inc. and Facebook Inc. before agreeing to a $4.4 billion buyout by Verizon Communications Inc., the company’s top executive told a Delaware judge. “The Verizon offer was a good deal for the company.’’ Investment funds holding more than 8 million AOL shares want Chancery Judge Sam Glasscock …

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 …

Yahoo to change name, trim board if Verizon deal gets done
8 years, 2 months ago

Yahoo to change name, trim board if Verizon deal gets done

India TV News  

Yahoo to change name, trim board if Verizon deal gets done Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale …

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 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 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 …

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 …

Marissa Mayer can gain $44 million if she leaves after Verizon takeover
8 years, 6 months ago

Marissa Mayer can gain $44 million if she leaves after Verizon takeover

Firstpost  

Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company. Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 billion sale closes early next year. In a filing last spring, Yahoo said Mayer could walk away with …

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 …

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale
8 years, 6 months ago

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale

India TV News  

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company. Mayer hasn't announced plans to leave, but industry observers say Yahoo CEO Marissa Mayer stands to collect a $44 million severance …

The identity crisis that led to Yahoo’s demise
8 years, 8 months ago

The identity crisis that led to Yahoo’s demise

Live Mint  

San Francisco: When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. Many of the more than two dozen former Yahoo managers interviewed by Reuters over the past two weeks—who now occupy executives suites elsewhere in Silicon Valley—agree that the company’s …

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 …

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 …

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