Placeholder canvas

Yahoo is Going Down. Finally

Date:

In one of the biggest upcoming deals Verizon Communications Inc said on Monday that it would buy Yahoo Inc’s core internet properties for $4.83 billion. Verizon aims to expand its digital advertising and media business while this deal will end the tragic time that the fading web pioneer Yahoo is going through.
This deal and purchase of Yahoo’s operations will boost Verizon’s AOL internet business, which it bought last year for $4.4 billion. In addition to that, there will a technological import and this takeover will give Verizon access to Yahoo’s ad technology tools, BrightRoll and Flurry, and assets such as search, mail and messenger.
The deal which is expected to close in early 2017 will mark the end of Yahoo as an operating company. Post this deal, Yahoo will be left with a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd and a 35.5 percent interest in Yahoo Japan Corp.

“The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo,” Yahoo Chief Executive Marissa Mayer.

It is important to understand that the sale will not include Yahoo’s cash, its shares in Chinese e-commerce giant Alibaba Group Holding Ltd, shares in Yahoo Japan, Yahoo’s convertible notes, and certain minority investments or Yahoo’s non-core patents.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Delhi Capitals Win Toss, Opt to Bowl First Against Rajasthan Royals

Jaipur: Delhi Capitals (DC) skipper Rishabh Pant won the...

Unwarranted, Unacceptable: India On US Remarks On Kejriwal Arrest, Cong’s Frozen Accounts

The MEA during the weekly presser said that India lodged strong objections and protests with a senior official from the US Embassy about comments made by the State Department

Actor Govinda Joins Eknath Shinde’s Shiv Sena Ahead Of Lok Sabha Polls

Mumbai: In a significant development in Maharashtra's political landscape,...

Elections 2024: Legal Cases Against Donald Trump And How It Can Impact His Chances For Presidency

Former President Trump was indicted with charges of overturning the 2020 Presidential election and was indicted on Felony charges and also the violence of January 6 2021 in Washington D.C.