Though it initially served as a search engine, over time it additionally supplied companies corresponding to e-mail and instantaneous communication. Yahoois not as standard because it was once.
As well as, AOL, one of many standard web suppliers of the time, is fighting comparable issues.
Not too long ago, we shared with you that Yahoo, which was purchased by the US-based telecommunications firm Verizon for $ 4.5 billion in 2017, was placed on the resale checklist.
OFFICIALLY SOLD
Verizon, which purchased Yahoo for $4.5 billion and AOL for $4.4 billion, added each corporations for $5 billion in whole. Bought to Apollo International Administration.
In accordance with the joint assertion made by the 2 corporations, Verizon will proceed to personal a ten % stake within the firm.
However, the Yahoo and AOL manufacturers, which embody on-line media corporations corresponding to TechCrunch, Yahoo Finance and Engadget, will merge underneath the “Yahoo” model solely.
REJECTED $45 BILLION OFFER
Yahoo rejected Microsoft’s $45 billion provide in 2008 on the grounds that it was low, and has continued to lose worth since then.
#Legendary #Yahoo #resold
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