With Yahoo Bid, Verizon Gobbles Up the Past To Avoid an Obsolete Future

A $4.8 billion Yahoo purchase turns Verizon into a future-focused media powerhouse. The post With Yahoo Bid, Verizon Gobbles Up the Past To Avoid an Obsolete Future appeared first on WIRED.

With Yahoo Bid, Verizon Gobbles Up the Past To Avoid an Obsolete Future

A $4.8 billion Yahoo purchase turns Verizon into a future-focused media powerhouse. The post With Yahoo Bid, Verizon Gobbles Up the Past To Avoid an Obsolete Future appeared first on WIRED.

Once Valued at $125B, Yahoo’s Web Assets To Be Sold To Verizon For $4.83B, Companies Confirm

The reports were spot on. Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. The multi-billion dollars deal will get Verizon Yahoo’s core internet business and some real estate. T…

The reports were spot on. Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. The multi-billion dollars deal will get Verizon Yahoo’s core internet business and some real estate. The announcement also marks a remarkable fall for the Silicon Valley web pioneer, which once had a market capitalization of more than $125 billion. For Verizon, the deal adds another piece to the mammoth digital media and advertising empire it owns. The deal is expected to close early 2017. CNBC reports: The transaction is seen boosting Verizon’s AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo’s advertising technology tools, as well as other assets such as search, mail, messenger and real estate. It also marks the end of Yahoo as an operating company, leaving it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba. In December, Yahoo scrapped plans to spin off its Alibaba stake after investors worried about whether that transaction could have been carried out on a tax-free basis. It instead decided to explore a sale of its core assets, spurred on by activist hedge fund Starboard Value. Forbes has called it one of the “saddest $5B deals in tech history.”Yahoo CEO Marissa Mayer, who was expected to leave — or get fired — said she intends to stay. “For me personally, I’m planning to stay,” Mayer said in a note on Yahoo’s Tumblr page. “I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.”

Read more of this story at Slashdot.

Once Valued at $125B, Yahoo’s Web Assets To Be Sold To Verizon For $4.83B, Companies Confirm

The reports were spot on. Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. The multi-billion dollars deal will get Verizon Yahoo’s core internet business and some real estate. T…

The reports were spot on. Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. The multi-billion dollars deal will get Verizon Yahoo’s core internet business and some real estate. The announcement also marks a remarkable fall for the Silicon Valley web pioneer, which once had a market capitalization of more than $125 billion. For Verizon, the deal adds another piece to the mammoth digital media and advertising empire it owns. The deal is expected to close early 2017. CNBC reports: The transaction is seen boosting Verizon’s AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo’s advertising technology tools, as well as other assets such as search, mail, messenger and real estate. It also marks the end of Yahoo as an operating company, leaving it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba. In December, Yahoo scrapped plans to spin off its Alibaba stake after investors worried about whether that transaction could have been carried out on a tax-free basis. It instead decided to explore a sale of its core assets, spurred on by activist hedge fund Starboard Value. Forbes has called it one of the “saddest $5B deals in tech history.”Yahoo CEO Marissa Mayer, who was expected to leave — or get fired — said she intends to stay. “For me personally, I’m planning to stay,” Mayer said in a note on Yahoo’s Tumblr page. “I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.”

Read more of this story at Slashdot.

Verizon Nears Deal to Acquire Yahoo

Verizon Communications is nearing a deal to buy Yahoo, Bloomberg reports, citing people familiar with the matter. While nothing is official yet, the publication claims that Verizon is discussing a price close to $5 billion for Yahoo’s core Internet bus…

Verizon Communications is nearing a deal to buy Yahoo, Bloomberg reports, citing people familiar with the matter. While nothing is official yet, the publication claims that Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business. The report adds that Yahoo’s patents are not part of the discussion, and it’s unclear whether the two companies are considering Yahoo’s real estate. “The companies may be ready to announce the deal in the coming days, the people said,” the report adds. Interestingly, CNBC, citing its own sources, is independently reporting the same thing.

Read more of this story at Slashdot.

Mozilla Could Walk Away and Still Get More Than $1 Billion If It Doesn’t Like Yahoo’s Buyer

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and wa…

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and walks away. That’s according to a clause in the Silicon Valley giant’s official agreement with the browser maker that CEO Marissa Mayer struck in late 2014 to become the default search engine on the well-known Firefox browser in the U.S. Mozilla switched to Yahoo from Google after Mayer offered a much more lucrative deal that included what potential buyers of Yahoo say is an unprecedented term to protect Mozilla in a change-of-control scenario. It was a scenario that Mayer never thought would happen, which is why she apparently pushed through the possibly problematic deal point. According to the change-of-control term, 9.1 in the agreement, Mozilla has the right to leave the partnership if — under its sole discretion and in a certain time period — it did not deem the new partner acceptable. And if it did that, even if it struck another search deal, Yahoo is still obligated to pay out annual revenue guarantees of $375 million.

Read more of this story at Slashdot.

Mozilla Could Walk Away and Still Get More Than $1 Billion If It Doesn’t Like Yahoo’s Buyer

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and wa…

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and walks away. That’s according to a clause in the Silicon Valley giant’s official agreement with the browser maker that CEO Marissa Mayer struck in late 2014 to become the default search engine on the well-known Firefox browser in the U.S. Mozilla switched to Yahoo from Google after Mayer offered a much more lucrative deal that included what potential buyers of Yahoo say is an unprecedented term to protect Mozilla in a change-of-control scenario. It was a scenario that Mayer never thought would happen, which is why she apparently pushed through the possibly problematic deal point. According to the change-of-control term, 9.1 in the agreement, Mozilla has the right to leave the partnership if — under its sole discretion and in a certain time period — it did not deem the new partner acceptable. And if it did that, even if it struck another search deal, Yahoo is still obligated to pay out annual revenue guarantees of $375 million.

Read more of this story at Slashdot.

Legacy Yahoo Messenger App Being Retired

Reader Irishman writes: Looks like August 5, 2016 is the last day for people clinging to the old desktop version of Yahoo Messenger. A new version is supposedly in the works but otherwise, it will be the mobile app or the web version. From a PCMag repo…

Reader Irishman writes: Looks like August 5, 2016 is the last day for people clinging to the old desktop version of Yahoo Messenger. A new version is supposedly in the works but otherwise, it will be the mobile app or the web version. From a PCMag report: According to a new announcement from Yahoo, the company is officially killing off the old version of Messenger for good. You might be able to find it to download from some software archive website, but you won’t be able to use it to chat with your friends. Yahoo is also switching up how it archives previous conversations. Any conversation histories you currently have (from using Messenger) are archived in Yahoo Mail, but they’ll be going away on August 5 as well. You’ll be able to export them to your desktop or laptop if you really need to save whatever it is you have typed to your friends.

Read more of this story at Slashdot.

Yahoo Publishes National Security Letters After FBI Drops Gag Orders

Yahoo just became the first company to disclose that it has received NSLs without having to go to court to do so. The post Yahoo Publishes National Security Letters After FBI Drops Gag Orders appeared first on WIRED.

Yahoo Publishes National Security Letters After FBI Drops Gag Orders

Yahoo just became the first company to disclose that it has received NSLs without having to go to court to do so. The post Yahoo Publishes National Security Letters After FBI Drops Gag Orders appeared first on WIRED.

US Congress Bans Members From Using Yahoo Mail

A week after we learned that the House of Represantives had banned its members from using Google’s appshot.com, more details about the blockage have surfaced. Reader Big Hairy Ian writes: A series of ransomware attacks on the House of Representatives h…

A week after we learned that the House of Represantives had banned its members from using Google’s appshot.com, more details about the blockage have surfaced. Reader Big Hairy Ian writes: A series of ransomware attacks on the House of Representatives has led U.S. Congress to ban members from using Yahoo Mail, according to a leaked email. Both Yahoo Mail and Gmail are named in the 30 April email, published on Thursday by Gizmodo, saying the attacks had increased “in the past 48 hours”. Yahoo Mail will be blocked “until further notice” it adds. Ransomware encrypts victims’ files and demands a ransom be paid for unlocking. In this particular instance, I think it isn’t all of Yahoo Mail’s fault. People need to be wary of the links they click on.

Read more of this story at Slashdot.

Yahoo Is Now Streaming Live MLB Games, for Free

Yahoo Is Now Streaming Live MLB Games, for Free

Take me out to the ball game—on Yahoo. The post Yahoo Is Now Streaming Live MLB Games, for Free appeared first on WIRED.


Yahoo Is Now Streaming Live MLB Games, for Free

Take me out to the ball game—on Yahoo. The post Yahoo Is Now Streaming Live MLB Games, for Free appeared first on WIRED.