Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of… Source link

Angela Lang/CNET Apollo Global Management on Wednesday said it had completed… Source link

In the immediate aftermath of Afghanistan’s collapse at the hands of the Taliban, China wasted no time in capitalizing on what it viewed as a public relations win. China’s Foreign Ministry called the chaotic end to U.S. presence, “a lesson in reckless military adventures,” and issued a statement, calling for “friendly and cooperative relations with Afghanistan.” But, Eurasia Group President Ian Bremmer said the U.S. withdrawal from the country creates more headaches than… Source link

Google’s Pixel 6 phones. Google The Pixel 6 and… Source link

Google’s custom chips could expand past the Pixel 6 to Chromebook laptops and tablets as early as 2023, according to a new report from Nikkei Asia on the company’s expanding emphasis on designing its own processors. The company is already preparing to release its first major custom chip this fall, with the Pixel 6’s upcoming Tensor SoC. The report also lines up with rumors from 2020 that Google was planning in-house Chromebook chips after it debuted the concept on Pixel phones —… Source link

Children are accounting for a larger number of COVID-19 cases as the highly transmissible Delta variant spreads rapidly. And as millions of students return to school nationwide, health officials are warning that infection numbers could get worse, potentially forcing schools to return to remote learning. “We’re going to start seeing a lot of our school systems, especially those that did not mandate masks, starting to close down,” University of Alabama at Birmingham’s Dr. Michael Saag… Source link

CNN —   “Hey Google, play music on Spotify.” I utter those same six words at least once a day to my Nest Mini, usually as I’m stepping into the bathroom to prepare for an epic shower singalong. Within a second or two, I’m treated to solid audio for my favorite sad indie songs and loud pop-punk jams, as well as the ability to easily ask for the time once I inevitably start taking too long. These features… Source link

Under Armour (UA) CEO Patrik Frisk told Yahoo Finance in a recent interview that he expects upward pressure on prices to persist into next year, describing the recent surge in demand alongside supply chain disruption as an “opportunity for us to raise prices.”  The remarks from the head of one of the top sports apparel companies came days after Federal Reserve Chairman Jerome Powell downplayed the threat of long term inflation in a speech at the Jackson Hole Economic Symposium on… Source link

On Monday, the eve of ex-Theranos CEO Elizabeth Holmes’ criminal fraud trial, Yahoo Finance released a feature-length documentary delving into Silicon Valley’s influence on the entrepreneur and her failed blood-testing startup. The documentary, “Valley of Hype: The culture that built Elizabeth Holmes,” explores the unique role that Silicon Valley’s startup culture played in the rise and undoing of Holmes, who faces 20 years in prison for each count of wire fraud, if she’s convicted. That… Source link

Google is appealing the more than half a billion dollar fine it got slapped with by France’s competition authority in July. The penalty relates to the adtech giant’s approach toward paying news publishers for content reuse. In a statement today, Sebastien Missoffe, a Google France VP and country manager, characterized the fine as “disproportionate” — claiming that the $592M penalty is not justified in light of Google’s “efforts” to cut a deal with news publishers and… Source link