HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Selling Yahoo and AOL, Ve...

Mon May 3, 2021, 09:47 AM

Selling Yahoo and AOL, Verizon turns focus to its 5G network.

Source: New York Times




Verizon Communications, signaling that it has given up on its media business, said on Monday that it agreed to sell Yahoo and AOL to the private equity firm Apollo Global Management for $5 billion. The sale includes Verizon’s advertising technology business as well, and the company will retain a 10 percent stake in the business, Verizon said in a statement announcing the deal on Monday.

The transaction is the latest turn in the history of two of the internet’s earliest pioneers. Yahoo used to be the front page of the internet, cataloging the furious pace of new websites that sprang up in the late 1990s. AOL was once the service that most people used to get online. But both were ultimately supplanted by nimbler start-ups, like Google and Facebook, though Yahoo and AOL still publish highly trafficked websites like Yahoo Sports and TechCrunch.

The sale signals the unraveling of a strategy Verizon heralded in 2015 when it acquired the faded internet giant AOL for $4.4 billion. The purchase was meant to give Verizon a pathway into mobile, with the goal of using AOL’s advertising technology to sell ads against digital content. Verizon doubled down on that strategy in 2017 with its $4.48 billion acquisition of Yahoo, which it combined with AOL under the umbrella Oath.

But Google and Facebook have proved to be formidable competitors in the digital advertising market. Verizon acknowledged their might in 2018 when it wrote down the value of Oath by $4.6 billion, attributing the move in part to “increased competitive and market pressures” that had resulted in “lower-than-expected revenues and earnings.” Still, the media business generates plenty of revenue. It recorded $1.9 billion in sales in the first quarter, a 10 percent gain over last year.

Read more: https://www.nytimes.com/2021/05/03/business/verizon-aol-yahoo-sale.html



I think both Yahoo and especially AO(hel)L had decades of baggage to overcome.

8 replies, 1065 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 8 replies Author Time Post
Reply Selling Yahoo and AOL, Verizon turns focus to its 5G network. (Original post)
BumRushDaShow Monday OP
IronLionZion Monday #1
BumRushDaShow Monday #2
JudyM Monday #3
csziggy Monday #5
Mosby Monday #4
IronLionZion Monday #6
melm00se Monday #7
PoliticAverse Monday #8

Response to BumRushDaShow (Original post)

Mon May 3, 2021, 10:06 AM

1. Now that we have 5G chips injected into our bodies

I'm looking forward to super fast streaming service

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Reply #1)

Mon May 3, 2021, 10:24 AM

2. Direct to your brain baby!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Reply #1)

Mon May 3, 2021, 10:47 AM

3. There goes my tea



Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Reply #1)

Mon May 3, 2021, 11:22 AM

5. So we are back to The Phone Company's insidious plan!





This movie was made in 1967, well before real micro or nano technology. I love how the CC uses an old fashioned switchboard to make connections in the brain.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BumRushDaShow (Original post)

Mon May 3, 2021, 11:11 AM

4. 5g is a dud.

It's not even needed, and it will be years before coverage is adequate.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Mosby (Reply #4)

Mon May 3, 2021, 11:37 AM

6. I've had 5G for 2 years now

Switching to Starry Internet was pretty awesome. There are advantages and disadvantages like anything else, but cancelling Comcast was super satisfying.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BumRushDaShow (Original post)

Mon May 3, 2021, 11:49 AM

7. I am shocked that it

took them this long to dump this baggage.

Do what you are good at, partner for the rest.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BumRushDaShow (Original post)

Mon May 3, 2021, 02:08 PM

8. "attributing the move in part to" that we had no idea what we were doing. n/t

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread