News Verizon to acquire Yahoo! for $4.83 bn

[Deepu]

In what is being seen as the end of an online era, US telecom major Verizon Communications will acquire internet major Yahoo!’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. At one point in time Yahoo! was worth over $100 billion and ruled the internet landscape before the likes of Google and later Facebook first caught up and then overtook it. The price being paid is also a lot less than what Microsoft had offered back in 2008, which was $44.6 billion.

Read more at: http://www.televisionpost.com/news/verizon-to-acquire-yahoo-for-4-83-bn/ | TelevisionPost.com

 

[IndianMascot]

That's a dirt cheap deal. Never expected such low valuation of Yahoo

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[Teufel]

That's a dirt cheap deal. Never expected such low valuation of Yahoo

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I don't think many people use Yahoo now, not even Yahoo mail.

 

[scorpionking76]

Only the Internet business i guess

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[Technoglitch]

Yahoo is the thing of the past just like Nokia which failed to keep up with the current growth.

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[scorpionking76]

However Nokia is returning with 5G and Android technologies

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[IndianMascot]

I don't think many people use Yahoo now, not even Yahoo mail.

I still have one yahoo ID which is recovery ID of my Gmail ID

 

[scorpionking76]

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[Teufel]

I still have one yahoo ID which is recovery ID of my Gmail ID

My recovery id is on hotmail.

 

[DashMajor]

I shutdown Yahoo ID long back.

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