Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook. It didn’t work — those brands were already fading even then — as Google and Facebook and, increasingly, Amazon dominate the U.S. digital ad market. The year after buying Yahoo, Verizon wrote down the value of the combined operation, called “Oath,” by roughly the value of the $4.5 billion it had spent on Yahoo. Source link

[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion  WKOW Source link

Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the two companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10 percent stake in the company and it will be rebranded to just “Yahoo.” The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon bought AOL in 2015 for… Source link

[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion  WAOW Source link

[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion  WREX.com Source link

[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion  WBNG-TV Source link

Injuries hit hard over the weekend Luis Robert landed on the IL with a hip strain. He’s batting .316 but otherwise off to a relatively slow start. Still, a lengthy loss of Robert would be crushing to fantasy managers. Outfield replacements could include Tyler O’Neill (29% rostered) in shallow leagues and Mike Tauchman (3%) in deeper formats. Dustin May is set for an MRI on Monday after leaving Saturday’s start with a “shooting sensation” through his right arm. This is brutal, as May… Source link

Website pages from Yahoo! Inc., left, and AOL Inc. are displayed on a computer monitor. Chris Ratcliffe | Bloomberg | Getty Images Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10% stake in the company and it will be rebranded to just Yahoo. The sale will see online media brands under the former… Source link

TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link

Robin Zeng, founder and chairman of Contemporary Amperex Technology. (Photo by Paul Zinken/picture alliance via Getty Images) picture alliance via Getty Images A little known but fast growing Chinese maker of batteries for electric vehicles now has more billionaires on Forbes’ list than just about any other public company. A whopping nine billionaires have fortunes of $1 billion or more based on their stakes in Contemporary Amperex Technology (known as CATL). Shares of the firm,… Source link