Yahoo to become Altaba if Verizon closes on deal; Marissa Mayer to depart after sale
by Alan Friedman / Jan 09, 2017, 8:32 PM
Verizon will receive the email platform, apps, websites and all advertising technology used by Yahoo. The deal was officially announced by both firms on July 25th. The price of $4.8 billion is a far cry from the $100 billion market cap that Yahoo sported back in 1999-2000.
Verizon, though, is considering pulling out of the deal. More than 1 billion Yahoo accounts were hacked into and the carrier's General Counsel Craig Silliman has been combing through the information related to the hacking, trying to determine whether Verizon should walk away or re-negotiate the price.
Verizon originally wanted to close the deal in the current quarter, and from the sounds of things it seems that the company still wants the deal to go through. Whether it happens at $4.8 billion is another question altogether.
Posts: 2209; Member since: Feb 14, 2011
Resign? She should've been fired a long time ago for running Yahoo into the ground. She's right up there with Stephen Elop, who ran Nokia into the ground, as one of the worst CEOs to ever take helm of a tech company.
posted on Jan 09, 2017, 8:54 PM 15
Posts: 5868; Member since: May 06, 2016
And she was touted to be the brave female CEO to turn things around at Yahoo during her appointment... She now turned out to be even worse than the previous CEO!
posted on Jan 09, 2017, 10:59 PM 8
Posts: 713; Member since: Apr 19, 2012
It would be better if Apple bought Yahoo, all they left is official email client and they are good to go, well just my opinion anyway.
posted on Jan 09, 2017, 9:22 PM 0
Posts: 418; Member since: Jan 05, 2015
What a stupid name - Altaba, sounds too much like Ali---, the Chinese e-commerce company. How dumb can you get?? (Phone Arena blocked the use of the last 4 letters of this company's name, hence the dashes)
posted on Jan 10, 2017, 5:54 AM 0
Posts: 241; Member since: Oct 19, 2016
Anyone know how to painlessly yahoo mails over to gmail?
posted on Jan 10, 2017, 10:12 AM 0
Posts: 361; Member since: Jan 06, 2014
Long time ago when I switched to gmail also, I used Thunderbird mail client. At that time it was the only safe tool I found that allowed me to connect to yahoo and download all folders. You might start with that.
posted on Jan 10, 2017, 12:52 PM 0
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