Tag Archives: billion

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

The Yahoo logo is displayed outside of offices in Santa Clara, California, in a 2011 photo. Verizon said May 3, 2021, that it is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. (Paul Sakuma/AP) Source link

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Google may have saved one billion dollars due to the pandemic (Photo by David Paul Morris/Getty … [+] Images) Getty Images During the pandemic, Google, along with most other large corporations, told their employees to work from home. An unintended consequence of this remote work trend was the big savings realized by both companies and workers. Bloomberg reported that Google, according to regulatory filings, saved about $268 million in expenses in the first quarter of 2021…. Source link

Enlarge / Yahoo logo at the 2014 International CES conference in Las Vegas. Getty Images | Ethan Miller Verizon is reportedly ready to give up on Yahoo and AOL after spending a combined $9 billion on the once-dominant Internet brands that fell from prominence years before Verizon bought them. “Verizon is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on… Source link

With COVID-19 restrictions lifting, more people are booking trips and hotels online, which is very good for Google’s advertising business. Google’s employees, however, are working from home and not traveling as much on the company dime — and that’s also good for its business. During the first quarter, Google parent Alphabet Inc. saved $268 million in expenses from company promotions, travel and entertainment, compared with the same period a year earlier, “primarily as a result of… Source link

With Covid-19 restrictions lifting, more people are booking trips and hotels online, which is very good for Google’s advertising business. Google’s employees, however, are working from home and not traveling as much on the company dime — and that’s also good for its business. During the first quarter, Google parent Alphabet Inc. saved $268 million in expenses from company promotions, travel and entertainment, compared to same period a year earlier, “primarily as a result of… Source link

(Bloomberg) — Blackstone Group Inc. has offered to buy a controlling stake in Indian IT outsourcing services provider Mphasis Ltd. for as much as 82.6 billion rupees ($1.1 billion) as demand for cloud computing surges amid the pandemic. Funds managed by the private equity firm have teamed up with long-term investors including Abu Dhabi Investment Authority and UC Investments to take a majority stake in Mphasis, the private equity firm said in a statement on Monday. That agreement triggered… Source link

Biden signed $10 billion in mortgage help for homeowners. Do you qualify? Millions are still at risk of losing their homes as a result of the economic crisis fueled by the pandemic. More than 10 million U.S. homeowners are behind on their mortgage payments and are experiencing “housing insecurity,” according to census data. If you’re in that group and your debt is piling up, the White House set aside $10 billion in the recent COVID relief package to help Americans pay their housing… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link