Yahoo! Verizon buys the grandaddy of internet portals for $4.83 billion in cash

Yahoo! Verizon buys the grandaddy of internet portals for $4.83 billion in cash
The Verizon-Yahoo deal was a foregone conclusion, expected to be announced on Monday, and sure enough, the carrier just put up a press release as breaking news on its website. According to the posting, Verizon will acquire Yahoo's assets for $4.83 billion in cash, which is a far cry for the peak valuation of the company, which at one time glorious time was as big as Google or Apple, netting $125 valuation at the height of the first dotcom boom.

A whole generation of pioneering Internet users have been raised with Yahoo's home page as nascent web portal, just like now a whole generation is getting raised up with Google's minimalistic search box. Yahoo's website was anything but, though, as it offered news, weather, card games, and a detour towards its incessant groups and chat threads, which introduced millions of people to the dubious wonder that are internet forum discussions. In any case, Verizon is getting all that jazz for less than $5 billion, and might get some coin out of Yahoo's still-strong billion of active monthly users. 

As for the CEO Marissa Mayer, she didn't do much to cover the high expectations of her when she headed Yahoo, but is still landing well with a nice $50 million golden parachute to break the glass ceiling downwards this time. Everyone is pretty jubilant, with the usual boilerplate optimistic statements coming from all CEOs involved, though Verizon isn't getting Yahoo's, say, Alibaba stake, or its cash, just the Internet and media part of the business. As part of the deal, Verizon will merge the Yahoo and AOL assets - it acquired AOL for $4.4 billion last year - under Marni Walden, its VP for Product Innovation and New Businesses organization.

source: Verizon

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11 Comments

1. mercorp

Posts: 1045; Member since: Jan 28, 2012

I expect yahoo bloatware coming to verizon carrier devices soon...Verizon will try and impose yahoo upon its users.

2. Martineverest

Posts: 521; Member since: Oct 27, 2015

end of an era....microsoft will soon be sold../s

12. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Microsoft will never be small enough to buy. Wait....maybe in 50 years.

3. mercorp

Posts: 1045; Member since: Jan 28, 2012

@Martineverest, not yet. Microsoft will not be sold for longer than most of us live.

22. nokia12

Posts: 610; Member since: Nov 19, 2013

the tag " /s "- stands for sarcasm

4. Arthurhkt

Posts: 723; Member since: Apr 19, 2012

I kinda wonder why had Apple not interested to buy out Yahoo? I mean out of any other major player in this market, only Apple left doesn't have their own search engine.

23. fonelover

Posts: 255; Member since: Mar 19, 2015

Apple could have bought Yahoo.

24. 48Chevy

Posts: 71; Member since: Jul 23, 2014

Some point between the announcement of iOS 7 and it's official release with iPhone 5s, I remember hard and fast rumors of Apple courting Yahoo! and wanting to deeply integrate Yahoo! services into the OS.

6. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

Expect another five dollars miscellaneous charge on your bill. They are not going to pay, the customers are. Really?? I don't know many people using Yahoo or/and Yahoo mail. Unless I was redirected, can't remember the last used the portal.

11. cc2400

Posts: 74; Member since: Aug 21, 2014

remember that time microsoft tried to buy yahoo for 40+ BILLION and yahoo refused? lol lol lol

14. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Yeah but that isn't the same Yahoo though. Yahoo is now a huge company considering their stake in Alibaba. VZW only bought the a very small part of the company.

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