Yahoo transfer news
You're looking for news about Yahoo's transfer of its core internet business to Verizon!
Here's a quick summary:
What happened: On July 25, 2017, Verizon completed its acquisition of Yahoo's core internet business, including its search, email, and news services, for $4.48 billion. The deal marked the end of Yahoo as an independent company.
Why did it happen: Yahoo's struggles with data breaches, declining revenue, and increased competition from Google and Facebook led to a decline in its value. Verizon, which was already a major player in the digital media space, saw an opportunity to expand its portfolio and gain access to Yahoo's user base.
What did Verizon get: Verizon acquired Yahoo's core internet business, including:
- Yahoo Search
- Yahoo Mail
- Yahoo News
- Yahoo Finance
- Yahoo Sports
- Flickr (a photo-sharing platform)
What did Yahoo get: As part of the deal, Yahoo's co-founders Jerry Yang and David Filo received a $2 billion payout, and Yahoo's employees were absorbed into Verizon's workforce.
What happened to Yahoo's brand: After the acquisition, Yahoo's brand was phased out, and the company's services were rebranded as Verizon Media. The Yahoo logo was retired, and the company's iconic "Yahoo! You've got mail!" slogan was no longer used.
What's happening now: Verizon Media continues to operate Yahoo's services, and the company has been focusing on developing new products and services, such as a mobile-first approach to news and entertainment.
That's a quick summary of Yahoo's transfer news!