24 Jul '16, 10pm

Yahoo’s board reportedly agrees to $4.8 billion Verizon bid: According to reports that are starting to trickl...

, Yahoo’s board has accepted the terms of the Verizon offer we reported last week . The core assets of the company that started life in Jerry Yang and David Filo’s 1994 Stanford dorm room as “Jerry and David’s Guide to the World Wide Web” — and at one point was one of the highest valued properties on the internet — will now join another former high-flyer of the internet’s earliest days, Aol (full disclosure: the owner of TechCrunch), in the Verizon stable. It’s hard to overstate how dominant a player Yahoo once was. The company, which now holds most of its value in its Alibaba investment, was once a $125 billion behemoth that dominated internet search and commanded one of the highest valuations of any online business — it was Google before Google was Google. Like Aol, Yahoo was never able to fully recover from the dot-com crash. The advent of Google (and then Facebook) pus...

Full article: http://www.inforum.in/threads/yahoo%E2%80%99s-board-repor...

Tweets

Verizon acquires Yahoo’s operating business for $4.8 billion: Verizon has

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Eita!

Eita!

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Yahoo Local

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