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Verizon closed its $4.48 billion purchase of Yahoo's core business Tuesday, finalizing a deal mired by two massive hacks affecting more than 1 billion Yahoo accounts and marking the latest play by telecoms to challenge Silicon Valley's dominance in online advertising.
Under a newly bolstered Verizon, Yahoo and AOL will combine as part of a new media and technology company called Oath. The sale of Yahoo was first announced last summer, with a $4.8 billion price tag. But just months later, the company disclosed a series of data breaches that compromised the personal information of potentially hundreds of millions of people. Following the breaches, Yahoo and Verizon eventually agreed to discount the purchase price by $350 million.
source https://www.washingtonpost.com/news/the-switch/wp/2017/06/13/its-official-verizon-finally-buys-yahoo/?utm_term=.aa36284d9a8e
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It?s official: Verizon finally buys Yahoo
Verizon closed its $4.48 billion purchase of Yahoo's core business Tuesday, finalizing a deal mired by two massive hacks affecting more than 1 billion Yahoo accounts and marking the latest play by telecoms to challenge Silicon Valley's dominance in online advertising.
Under a newly bolstered Verizon, Yahoo and AOL will combine as part of a new media and technology company called Oath. The sale of Yahoo was first announced last summer, with a $4.8 billion price tag. But just months later, the company disclosed a series of data breaches that compromised the personal information of potentially hundreds of millions of people. Following the breaches, Yahoo and Verizon eventually agreed to discount the purchase price by $350 million.
source https://www.washingtonpost.com/news/the-switch/wp/2017/06/13/its-official-verizon-finally-buys-yahoo/?utm_term=.aa36284d9a8e
Previous news
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