It's official: Verizon buying Yahoo for $4.8 billion, announcement coming Monday
posted by Michael H. / Jul 24, 2016, 2:28 PM
Wall Street Journal, that purchase price will include both Yahoo!'s core internet business as well as its real estate in the physical world. Of course, that price is somewhat hard to read. On one hand, Yahoo!'s current market cap of $38 billion is approximately double what it was when Marissa Mayer first took over the company back in 2012. But, on the other hand, Yahoo! had a (very brief) peak market cap of over $100 billion back in 1999/2000, and even had a peak market cap of around $49 billion during Mayer's term as CEO.According to the
The real question now is what Verizon plans to do with Yahoo!'s technology, properties, and brand. Verizon has been working on building a digital media business and Yahoo! could help with that to a certain extent, but Yahoo!'s own digital media offerings haven't been terribly successful.
The official announcement of the deal is expected tomorrow, Monday July 25th, so maybe we'll get more information then.
Posts: 1158; Member since: May 27, 2012
I'm still wondering how is the company sold for $5 billion, whereas its market cap is about $37 billion? Is this an acquisition for some Yahoo segments? Are the huge number of Yahoo patents part of this deal?
posted on Jul 24, 2016, 2:40 PM 2
Posts: 2355; Member since: Aug 01, 2015
It was reported before that their patents would be sold off separately. I didn't think that the patents were worth billions though.
posted on Jul 24, 2016, 3:00 PM 0
Posts: 396; Member since: Oct 13, 2015
Next up is a trove of about 3,000 patents, which Yahoo is selling in a separate auction, that is expected to fetch more than $1 billion. Yahoo will need to figure out what to do with its stakes in Yahoo Japan Corp., majority-owned by SoftBank Group Corp., and Chinese e-commerce company Alibaba Group Holding Ltd., considered to make up the majority of Yahoo’s roughly $37 billion market value today. So this is only a partial acquisition.
posted on Jul 24, 2016, 5:13 PM 2
Posts: 1091; Member since: Feb 28, 2015
yahoo is a public company, It's extremely complicated because you are dealing with the shareholders. The share holders are the group who own the largest chunk. This number doens't have to be 51% it can be just 30%. They would call for a meetting and if everyone agrees at a price and they sell their hold to whom ever.
posted on Jul 24, 2016, 5:22 PM 0
Posts: 218; Member since: Oct 19, 2011
I remember when Marrisa Mayer said BlackBerry is dead and that all yahoo employees should throw away their Blackberry's and get either the iPhone or Samsung phones as they will no longer support any BlackBerry's. BlackBerry is still standing and Mayer has finally sold yahoo to Verizon. He who laughs last always laughs best. Posted using the Awesome BlackBerry Passport SE.
posted on Jul 25, 2016, 3:18 AM 3
I hope they kill off Tumblr too, and slowly.
posted on Jul 24, 2016, 5:08 PM 1
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