Verizon tries to sell Yahoo and AOL after spending $9 billion on fallen giants

Enlarge / Yahoo logo at the 2014 International CES conference in Las Vegas. (credit: Getty Images | Ethan Miller )
Verizon is reportedly ready to give up on Yahoo and AOL after spending a combined $9 billion on the once-dominant Internet brands that fell from prominence years before Verizon bought them.
“Verizon is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on digital media,” The Wall Street Journal reported yesterday. The sale process involves private-equity firm Apollo Global Management and “could lead to a deal worth $4 billion to $5 billion,” the Journal wrote, citing “people familiar with the matter.”
We asked Verizon if it has a response to the WSJ report today, and a spokesperson told us the company has “nothing to add.”Read 10 remaining paragraphs | Comments


Original URL: https://arstechnica.com/?p=1761189

Original article

Verizon Is Weighing a Sale of Yahoo, AOL

According to Bloomberg, Verizon is considering selling AOL and Yahoo — two once high-flying dot-com brands it purchased in 2015 and 2017, respectively. Bloomberg reports: Verizon Media could fetch as much as $5 billion […]. The company is talking to Apollo Global Management about a deal, they said. It couldn’t immediately be learned how a deal would be structured or if other suitors may emerge. No final decision has been made and Verizon could opt to keep the unit. The move comes as Verizon divests tertiary media assets while ramping up its focus on its wireless business and the the rollout of its 5G service. Last year, it agreed to sell the HuffPost online news service to BuzzFeed Inc. and it unloaded the blogging platform Tumblr in 2019. This divestiture would mark Verizon’s final retreat from an expensive foray into online advertising, a strategy that never really took off.

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Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ygHzHqDW1Ug/verizon-is-weighing-a-sale-of-yahoo-aol

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‘Citizen Kane’ Loses Perfect Rotten Tomatoes Score Thanks To Resurfaced 80-Year-Old Review

Rotten Tomatoes has unearthed a 1941 review of Orson Welles’ classic that single-handedly took down its decades-long perfect critics’ score. From The Hollywood Reporter: Citizen Kane’s score across 116 reviews has been reduced to a mere 99 percent “Fresh.” The ranking slip is due to a single negative review that was recently unearthed by Rotten Tomatoes as part of the site’s Archival Project, which focuses on resurrecting critics and publications of the past and adding archived reviews to classic films. The project discovered a Citizen Kane review that ran in the Chicago Tribune in 1941 and is only available online as a scanned newspaper clipping. Last month, the review was quietly added to Kane’s page.

The review’s headline is incredibly on point, given the circumstances: “Citizen Kane Fails to Impress Critic as Greatest Ever Filmed.” If that sounds like somebody went to the theater with rather high expectations, the review


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/zoUR6qfQvA8/citizen-kane-loses-perfect-rotten-tomatoes-score-thanks-to-resurfaced-80-year-old-review

Original article

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