It’s official: Verizon owns Yahoo! Marissa Mayer resigns

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 HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance, Yahoo Mail and more, with a mission to build brands people love. Marni Walden, Verizon president of Media and Telematics, said in a statement, “The close of this transaction represents a critical step in growing Click Here to Read more

Verizon is kicking the Yahoo! and AOL names to the curb

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 lost is in the Yahoo brand, which Verizon apparently considers toxic at this point. To that end, Verizon is changing the name of the combined Yahoo and AOL company. Business Insider first reoprted that”Oath” will be the new name of the company. Minutes after we Click Here to Read more

Verizon to Purchase Yahoo’s Core Business for $4.48 Billion

“Verizon said on Tuesday it would buy Yahoo’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company,” Reuters reports. “The closing of the deal, which was first announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed last year,” Reuters reports. “The deal brings to Verizon Yahoo’s more than 1 billion users and a wealth of data it can use to offer more targeted advertising. Verizon will combine Yahoo’s advertising technology tools as well as its Click Here to Read more

Yahoo! faces U.S. SEC Probe into data breaches

“U.S. authorities are investigating whether Yahoo Inc.’s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter, in what could prove to be a major test in defining when a company is required to disclose a hack,” Runa Viswanatha and Robert McMillan report for The Wall Street Journal. “The Securities and Exchange Commission has opened an investigation, and in December issued requests for documents, as it looks into whether the tech company’s disclosures about the cyberattacks complied with civil securities laws, the people said,” Viswanatha and McMillan report. “The SEC requires companies Click Here to Read more

Marissa Mayer will resign as CEO of Yahoo! Yahoo! to be renamed

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 also take pains to emphasize that the departures are not “due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.” Besides Mayer, David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw, and Maynard Webb all plan to resign Click Here to Read more

Verizon warns Yahoo! it may back out of the $4.8 Billion Deal

(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 the deal in late October at a Wall Street Journal Digital Conference, arguing that it “absolutely” still makes sense. Verizon offered to buy Yahoo’s core internet assets in July. But two months later, Yahoo shocked its potential buyer with news that “at least 500 million” Yahoo user accounts had Click Here to Read more

Update: Yahoo! Disputes Report on working with NSA and FBI on Email program

On Wednesday, we reported that Yahoo! made a program to assist U.S. Intel Agencies to find and single out “suspicious emails” and have them on a different server for downloading by those agencies at a later date. Now, a few hours later, Yahoo! has issued a statement disputing the Reuters report: “The article is misleading.  We narrowly interpret every government request for user data to minimize disclosure. The mail scanning described in the article does not exist on our systems.” Of course, at the time of this writing, Reuters is currently standing by its report.

Report: Yahoo! created program to scan customer’s emails for U.S. Intel Agencies

A report came out on Tuesday that claims Yahoo! created a program to scan customer’s e-mails for anything “suspicious” for U.S. Intelligence Agencies, and that the program(s) scanned hundreds of thousands of emails as they came on the company’s mail servers. Reuters spoke with multiple sources (including former employees) about the matter that Yahoo! compiled email lists and information with the blessing of either the National Security Agency and the FBI. The agencies asked Yahoo! to scan emails containing certain particular sets of characters, such as phrases and/or attachments, and store them on another server for remote retrieval. According to one Click Here to Read more

You COULD be affected by the Yahoo! Hack and not even know it!

Do you think that you’re not affected by the Yahoo! security breech?  Think again. Just because you may not use e-mail via Yahoo! doesn’t mean that your information may not be affected.  Yahoo has several other web sites under the company’s umbrella such as Yahoo! Fantasy Sports, use Ficklr, Blog on Tumblr, or any other services that Yahoo! maybe affiliated with. Per Thorsheim, a global cybersecurity expert based in Norway, told CNN/Money: There are lots of people, millions of people, who don’t understand they have a Yahoo account. The hack was discovered last Thursday and was allegedly committed by a “state-sponsored actor” on Click Here to Read more

Yahoo: 500 Million Accounts Stolen in Major Data Breech

Mid Thursday, Yahoo! confirmed that about 500 million user accounts have been stolen from its network in what maybe the largest data breech ever. (CNN/Money) The company said it believes a “state-sponsored actor” was behind the data breach, meaning an individual acting on behalf of a government. The breach is said to have occurred in late 2014. “The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers,” Yahoo said in a statement. Yahoo urges users to change their password and Click Here to Read more