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.

Read more


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

Original article

Verizon is selling Tumblr to WordPress parent, Automattic

Six years after Yahoo purchased Tumblr for north of $1 billion, its parent corporation is selling the once dominant blogging platform. WordPress owner Automattic Inc. has agreed to take the service off of Verizon’s hands. Terms of the deal are undisclosed, but the number is “nominal,” compared to its original asking price, per an article in The Wall Street Journal.
Axios is reporting that the asking price for the platform is “well below $20 million,” a fraction of a fraction of its 2013 price tag.
Once the hottest game in town, the intervening half-decade has been tough on Tumblr, as sites like Facebook, Instagram, Reddit and the like have since left the platform in the dust. More recently, a decision to barn porn from the platform has had a marked negative impact on the service’s traffic. According to Sensor Tower, first-time users for Tumblr’s mobile app declined 33% year-over-year last quarter.
“Tumblr is


Original URL: http://feedproxy.google.com/~r/Techcrunch/~3/kPOPK31JcE0/

Original article

Verizon To Begin 5G User Trials in 11 Markets by Middle of Year

Verizon will test faster fifth-generation (5G) mobile broadband service in 11 markets in the first half of this year as the nation’s largest wireless carrier tries to take the lead in the 5G race. From a report on Bloomberg: Working with equipment partners including Ericsson and Samsung, Verizon will beam 5G signals to a test group of homes and businesses in Ann Arbor, Michigan; Atlanta; Bernardsville, New Jersey; Brockton, Massachusetts; Dallas; Denver; Houston; Miami; Sacramento, California; Seattle; and Washington, D.C., according to a statement released as part of Mobile World Congress, which starts this week in Barcelona. While 5G service isn’t expected to be commercially available until 2020, Verizon and its closest rival, AT&T, are bringing the technology out of the lab and into the hands of actual users to spur development.

Read more of this story at Slashdot.


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GNRok_hCEL8/verizon-to-begin-5g-user-trials-in-11-markets-by-middle-of-year

Original article

Verizon buys Yahoo for $4.83 billion

 After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.8 billion, which includes Yahoo’s advertising, content, search and mobile activities. Read More


Original URL: http://feedproxy.google.com/~r/Techcrunch/~3/_qEtuu8aZE8/

Original article

Verizon acquires Yahoo for $4.83 billion

After speculation and rumors, the deal has been done. Verizon has stumped up $4.83 billion in cash for Yahoo’s operating business, including search, advertising and content. The acquisition adds an extra one billion monthly active users to Verizon’s customer base, and the deal comes just over a year after the company acquired AOL. Verizon’s CEO says the company is in a ‘highly competitive position’ and the deal will ‘help accelerate our revenue stream in digital advertising’. Verizon now has a huge portfolio of brands, spanning everything from publishing and advertising, to search and news. The deal is expected to complete… [Continue Reading]


Original URL: http://feeds.betanews.com/~r/bn/~3/Ve2Wz5_iLxA/

Original article

Remaining Yahoo to rebrand after sale of assets to Verizon in 2017

 One asset that Verizon will be getting as part of its $4.83 billion acquisition of Yahoo’s core assets, which it did not specifically mention in its big announcement today, is Yahoo’s (in)famous brand — main name, purple color and exclamation mark all included. This, in turn, means that when the deal is completed (expected Q1 2017) the remaining Yahoo will rename itself… Read More


Original URL: http://feedproxy.google.com/~r/Techcrunch/~3/NE6FQ0egFL0/

Original article

Verizon is launching virtual network services

 Called “Virtual Network Solutions” and announced in a press release filled with so much corporate jargon it’s barely understandable, the idea is that spinning up, monitoring, managing, protecting, and tweaking networks is hard for businesses dealing with private and public clouds (unless you’re Goldman Sachs, the CIA, or Verizon itself) so why not let a big ole network… Read More


Original URL: http://feedproxy.google.com/~r/Techcrunch/~3/egNk57FmOmA/

Original article

Proudly powered by WordPress | Theme: Baskerville 2 by Anders Noren.

Up ↑

%d bloggers like this: