» » » Yahoo sold to US telecoms giant Verizon

22nd July 2016:

  • Verizon is closing in on a deal to buy Yahoo’s core business for about $5 billion.
  • The value of the deal is reportedly around $5 billion for the core parts of Yahoo.
  • Verizon communications ready to pay  around $5 billion for yahoo's core business in search, email, advertising and media.
  • The $3 billion offer Verizon is expected to make next second bid is lower than the $4 billion to $8 billion bids that Yahoo’s Internet business, which includes its news sites and ad business. 

25th July 2016:

  • Yahoo agreed to sell its core operating business to Verizon for $4.8 billion on today morning.
  • US internet firm Yahoo is being acquired by American telecom's giant Verizon Communications for $4.8 billion.
  • "I love Yahoo, and I believe in all of you," Mayer said in a statement. "It’s important to me to see Yahoo into its next chapter."
  • Here Is Marissa Mayer's Final Letter To Yahoo Employees

Yahoo !!
  • 1994 Yahoo - which stands for Yet Another Hierarchically Organized Oracle - is founded
  • 2000 Yahoo valued at $125bn at height of dot.com boom
  • 2002 Google rejects a $3bn bid from Yahoo
  • 2008 Microsoft's $44.6bn offer for Yahoo is turned down
  • 2013 Blogging site Tumblr acquired by Yahoo for $1.1bn
  • 2015 Yahoo makes net loss of $4.4bn
  • 2016 Verizon agrees $4.8bn deal to buy Yahoo

verizon yahoo finance

What happened to Yahoo? 

  • On 18th July yahoo posted a deep loss which explains the challenges facing a potential acquirer of the shrinking internet business.
  • Yahoo loosing its visitors day by day if we observe internet search visitors statistics.

Loosing visitors :

  • Yahoo value lies in its users. But now it is loosing visitors and no more competition to google and Facebook. Yahoo losts its competitive edge
  • Analysis of the statistics from last decade shows how yahoo loosing its advertising revenue and search traffic.
  • Yahoo search engine share decreased from 42% to 12%.
  • Revenue share dropped from 25% to 3%.
verizon yahoo deal

The Company is Shrinking:

  • In 2015 its $4.4 loss in annual net income.
  • Yahoo hired Marissa mayer from google to get some positive results but she but it became largely unsuccessful.
  • Yahoo fired key people also resigned some key people because of pressure from share holders.
  • The company has sixth decline in last seven periods.

So Its Verizon Yahoo !

  • SunTrust analyst Robert Peck recently estimated that Verizon would lay off upwards of 40% of Yahoo’s 10,000 full-time employees (in order to save roughly $2 billion).
  • “Google has access to me on my mobile phone but is kind of missing the cable box and internet access data that Verizon has,” said Shar VanBoskirk, a digital marketing analyst at the research firm Forrester.

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