Verizon Communications Inc. today completed its acquisition of the operating business of Yahoo! Inc. Verizon has combined these assets with its existing AOL business to create a new subsidiary, Oath, a diverse house of more than 50 media and technology brands that engages more than a billion people around the world. The Oath portfolio includes […]
Well, it seems that Verizon is sick of both AOL and Yahoo! as it finalizes the purchase of Yahoo! Thanks to security breachs of gargantuan proportions, Yahoo has lost a ton of value — and the company was struggling even when Verizon announced its intentions to buy the former internet juggernaut. Part of the value […]
Marissa Mayer will resign from Yahoo’s board of directors and the company itself will be renamed Altaba Inc., according to documents filed with the SEC today. The documents state that following the close of Yahoo’s $4.8 billion sale to Verizon—which, by the way, is still up in the air—Mayer and several other members of the board will resign. The filing […]
(CNN/Money): Yahoo (YHOO) said there’s “no assurance” that Verizon will actually go through with the deal, according to its latest filing with the Securities and Exchange Commission. The filing also revealed that it’s “facing investigations by a number of federal, state, and foreign governmental officials and agencies” over the hack — and these could result in “potential fines.” Verizon defended […]
