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Yahoo and AOL sold for $5B
Posted on 5/3/21 at 11:51 am
Posted on 5/3/21 at 11:51 am
BBC.com
Two pioneering web services of the internet age, Yahoo and AOL, have been sold again after the latest owner failed to revive their fortunes.
US telecoms giant Verizon is selling its media assets, which include the two companies, to a US private equity firm in a deal worth $5bn (£3.6bn).
Verizon bought Yahoo in 2017 and AOL in 2015 for a combined $9bn.
Yahoo and AOL were once trailblazers, but were subsequently overshadowed by firms like Google and Facebook.
Under the sale of the media assets to Apollo Global Management, Verizon will retain a 10% stake in the division.
Verizon bought the two brands in the hope of a quick entry into the digital advertising market, believing they still had enough resonance with consumers.
Yahoo and AOL were pioneers in offering a wide range of free and informative web services to consumers, long before Google came into existence.
Yahoo email fault hits BT, Sky and TalkTalk users
US telecoms giants get $26bn takeover green light
By providing free web mail and chat messenger services, the two firms had a cornerstone for online advertising on the market, as most internet users in the early 2000s were accessing their websites and software on a daily basis.
Yahoo also provided everything from the news, weather reports, sports results and movie release dates; to message boards, its own version of eBay - Yahoo! Auctions - and real-time markets data.
Two pioneering web services of the internet age, Yahoo and AOL, have been sold again after the latest owner failed to revive their fortunes.
US telecoms giant Verizon is selling its media assets, which include the two companies, to a US private equity firm in a deal worth $5bn (£3.6bn).
Verizon bought Yahoo in 2017 and AOL in 2015 for a combined $9bn.
Yahoo and AOL were once trailblazers, but were subsequently overshadowed by firms like Google and Facebook.
Under the sale of the media assets to Apollo Global Management, Verizon will retain a 10% stake in the division.
Verizon bought the two brands in the hope of a quick entry into the digital advertising market, believing they still had enough resonance with consumers.
Yahoo and AOL were pioneers in offering a wide range of free and informative web services to consumers, long before Google came into existence.
Yahoo email fault hits BT, Sky and TalkTalk users
US telecoms giants get $26bn takeover green light
By providing free web mail and chat messenger services, the two firms had a cornerstone for online advertising on the market, as most internet users in the early 2000s were accessing their websites and software on a daily basis.
Yahoo also provided everything from the news, weather reports, sports results and movie release dates; to message boards, its own version of eBay - Yahoo! Auctions - and real-time markets data.
25
Posted on 5/3/21 at 11:53 am to Tigeralum2008
Damn I just dl’d some new progz
Posted on 5/3/21 at 11:55 am to Tigeralum2008
Apollo has been making a lot of big moves lately.
Posted on 5/3/21 at 11:56 am to Tigeralum2008
Someone overpaid by about $4.99 billion
Posted on 5/3/21 at 11:58 am to Tigeralum2008
Verizon continues to run its business into the ground. News at 11.
Posted on 5/3/21 at 11:59 am to Tigeralum2008
I didn’t realize AOL still existed. 
Posted on 5/3/21 at 12:00 pm to Tigeralum2008
a/s/l?
Posted on 5/3/21 at 12:01 pm to Tigeralum2008
If only yahoo had more woke articles, I'm sure that would make them more profitable!
Posted on 5/3/21 at 12:01 pm to Tigeralum2008
I miss the days of Yahoo Groups and Yahoo Chat tbh
Posted on 5/3/21 at 12:02 pm to Tigeralum2008
Dammit. I still had 10 free hours!
Posted on 5/3/21 at 12:16 pm to Pedro
16/f/cali
Posted on 5/3/21 at 12:19 pm to Tigeralum2008
quote:
Verizon bought Yahoo in 2017 and AOL in 2015 for a combined $9bn.
quote:
Yahoo and AOL sold for $5B
What idiot bought them in 2015? They were dead six years ago too. Can't believe they managed to get out of that.
This post was edited on 5/3/21 at 12:20 pm
Posted on 5/3/21 at 12:23 pm to Tigeralum2008
quote:
16/f/cali
I had some good times back in the AOL chat rooms
Posted on 5/3/21 at 12:25 pm to Tigeralum2008
bring back yahoo answers you cowards
Posted on 5/3/21 at 12:26 pm to Tigeralum2008
getting a yahoo tool bar accidentally installed on your browser was the equivalent of AIDS for your browser.
kind of crazy those two are still even worth that much
never forget
kind of crazy those two are still even worth that much
never forget
This post was edited on 5/3/21 at 12:32 pm
Posted on 5/3/21 at 12:28 pm to Tigeralum2008
Buy low sell high.
Verizon -buy high sell low
Verizon -buy high sell low
This post was edited on 5/3/21 at 12:29 pm
Posted on 5/3/21 at 12:31 pm to Tigeralum2008
Maybe Yahoo will suck less with new owners. It's a total cuckfest.
Posted on 5/3/21 at 12:32 pm to Tigeralum2008
One of Apollo’s founders and its former Chairman & CEO has ties to Epstein.
Advice…
quote:
Leon Black stepped down as CEO and chairman in 2021 after revelations that he paid Jeffrey Epstein $158 million for family office tax-related advice over the period from 2012 to 2017.
Advice…
Posted on 5/3/21 at 12:37 pm to Stealth Matrix
quote:
I miss the days of Yahoo Groups and Yahoo Chat tbh
Yahoo pool was my goto passtime
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