Tag Archives: Verizon

Yahoo Inc. successor entity Altaba Inc. must set aside $400 million as it dissolves to cover the “unlikely” event that an appeals court overturns a $118 million data breach settlement it’s splitting with Verizon Communications Inc., which bought and resold the Yahoo brand, a Delaware judge ruled. Vice Chancellor J. Travis Laster directed Altaba to add $341 million to the $59 million it previously reserved to fund the data breach settlement. Altaba is a holding company partway through… Source link

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… Source link

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

In this photo illustration, a Verizon Media logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo hasn’t informed Verizon Media leadership, including Chief Executive Guru Gowrappan, of their new roles at the company… Source link

BASKING RIDGE, N.J. – Verizon announced a collaboration with Google to expand advanced messaging services to Android users in the U.S. starting next year using the Messages by Google app. The service is based on the Rich Communications Service (RCS) standard, which provides a more interactive and modern messaging experience right from Messages by Google. “Our customers depend on us to provide a reliable, advanced and simple messaging platform to stay in touch with the people that matter the… Source link

Euan Black Verizon Media has appointed Euan Black as Yahoo’s director of content for Australia and New Zealand. Black is currently head of news, sport and lifestyle at Yahoo Australia. In his new role, Black will lead all local editorial and video output for the Yahoo brands. In his nearly five-year tenure at Yahoo Australia, Black has achieved record growth for the news, sport and lifestyle brands with traffic up across all sites on average by 18% in the last year and the number of… Source link

BASKING RIDGE, N.J. – Verizon already offers the best value in entertainment, and it just got even better with an amazing new deal guaranteed to bolster your mobile gaming library with hundreds of new titles. Starting May 25, new and existing customers get six months of Apple Arcade or Google Play Pass, ($4.99/mo. value) on us with any unlimited plan or 12 months on us with “Play More” or “Get More” plans1,2. Verizon Mix & Match Unlimited gives you more of what you love — on us —… Source link

Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. David Paul Morris | Bloomberg | Getty Images Verizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content offerings to its wireless subscriptions. New and existing Verizon wireless subscribers will get six months free of either Apple Arcade or Google Play Plus with a… Source link

Verizon, like every other company must continually find new pathways for growth going forward. That’s why several years ago they acquired both AOL and Yahoo. I never saw the benefit and thought it was a big mistake. Now, several years later, apparently Verizon CEO Hans Vestberg agrees. Verizon is selling AOL and Yahoo for about half what it paid. They are selling to the owner of the Venetian casino in Las Vegas. Not sure what they see with this purchase, but at least… Source link

Facebook Share Twitter Share In a recent edition of the Republican business section  an article appeared concerning the decision by Verizon to divest it’s Yahoo and AOL holdings, “Verizon to see off media brands Yahoo, AOL,” May 4, page A8. The Board of Directors of Verizon approved a $3 million bonus to the current head of Yahoo to assure that he remain in place for six months. Think of the absurdity of that number which works out be about $3 thousand per hour for a 40 hour week during… Source link