Yahoo Is Yahoo Once More After New Owners Complete Acquisition

Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply “Yahoo.” The Verge reports: Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies were worth at their peaks.

Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas. “The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity,” Gowrappan said. “We anticipate that the coming months and years will bring fresh


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/CCGdBR-4ZcA/yahoo-is-yahoo-once-more-after-new-owners-complete-acquisition

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Verizon Sells Internet Trailblazers Yahoo and AOL for $5 Billion

AOL and Yahoo are being sold again, this time to a private equity firm. From a report: Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo. Yahoo at the end of the last century was the face of the internet, preceding the behemoth tech platforms to follow, such as Google and Facebook. And AOL was the portal, bringing almost everyone who logged on during the internet’s earliest days. Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook.

Read more of this story at Slashdot.


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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

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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


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SmugMug buys Flickr for undisclosed sum

Photo-sharing site SmugMug — used by consumers and professionals alike — has agreed to acquire Flickr from Yahoo-owner Oath. The deal will see Flickr continuing to operate as a separate entity. The aim is to create what’s described as “the world’s best home for photography”, building on Flickr’s existing 100 million-strong userbase. But what does the acquisition mean for Flickr users, and what does it mean for SmugMug’s customers? Both companies are eager to stress that nothing is going to change. That said, SmugMug does say that it will be migrating Flickr onto SmugMug’s technology infrastructure, but it does not… [Continue Reading]


Original URL: https://betanews.com/2018/04/21/smugmug-acquires-flickr/

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Yahoo’s New Privacy Policy Allows Data-Sharing With Verizon

“Yahoo is now part of Oath and there is a new Privacy and Terms contract…” warns long-time Slashdot reader DigitalLogic. CNET reports:
Oath notes that it has the right to read your emails, instant messages, posts, photos and even look at your message attachments. And it might share that data with parent company Verizon, too… When you dig further into Oath’s policy about what it might do with your words, photos, and attachments, the company clarifies that it’s utilizing automated systems that help the company with security, research and providing targeted ads — and that those automated systems should strip out personally identifying information before letting any humans look at your data. But there are no explicit guarantees on that.

The update also warns that Oath is now “linking your activity on other sites and apps with information we have about you, and providing anonymized and/or aggregated reports to other parties


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Yahoo Discloses Another Billion User Breach

Yahoo announced this afternoon that hackers stole data from more than one billion user accounts in an attack that took place back in 2013. It’s believed that this attack is separate from the other 2013 breach they announced back in September.Read more…


Original URL: http://feeds.gawker.com/~r/lifehacker/full/~3/mfATxbs1Vck/yahoo-discloses-another-billion-user-breach-1790117547

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Yahoo makes it difficult to leave its service by disabling automatic email forwarding

 Following Yahoo’s September announcement of a data breach affecting 500 million user accounts, the company has made it more difficult for Yahoo Mail users to transition to another email service. At the beginning of October, Yahoo disabled an email forwarding feature, which would allow users to automatically redirect incoming emails sent to their Yahoo address to another… Read More


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