AfterDawn: Tech news

Report: Verizon leading the way to acquire Yahoo

Written by Andre Yoskowitz @ 18 Apr 2016 11:05

Report: Verizon leading the way to acquire Yahoo

According to new reports, Verizon seems to be leading the way in their efforts to acquire Yahoo after a few prominent suitors dropped out of the bidding.
Among those who have dropped out are Time, Alphabet, Comcast, AT&T and IAC, leaving very few companies left with any interest in the struggling web pioneer.

Verizon has been focusing on video services and online advertising of late, even purchasing AOL for $4.4 billion last year to give themselves a foundation in the digital media business. Yahoo would be a logical acquisition although the price they pay certainly matters.

There have been estimates that Yahoo's core assets could be worth up to $8 billion in an auction while others have claimed the assets are really worth closer to $1 billion given the dysfunction of the businesses and sharply dropping profits and revenue. Yahoo executives have also failed to give solid business plans, which is said to have frustrated potential buyers. CEO Marissa Mayer has also been accused of stifling the sale process.

Source:
WSJ

Tags: Verizon Yahoo
Previous Next  
Comments have been disabled for this article.

Latest news

Sideloading apps to Android gets easier, as Google settles its lawsuit Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09)
Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier.
3 user comments
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments

News archive