Verizon Sells Yahoo, AOL In $5 Billion Deal
According to The New York Times, the deal covers not only the Yahoo and AOL brands, but their advertising platforms, too. Verizon is not completely divesting of Yahoo and AOL, as it will hold on to a 10% stake.
Verizon originally purchased AOL in 2015 for $4.4 billion, then it bought Yahoo in 2017 for $4.48 billion. In 2018, Verizon disclosed a writedown of $4.6 billion over these properties based on "lower-than-expected revenues and earnings" amid increased competitive and pressure in the market. Yahoo and AOL do bring in a lot of money, though, posting $1.9 billion in sales in just the first quarter of 2021, an increase of 10% year-over-year.
It's not immediately clear what the sale of AOL and Yahoo might mean for some of the company's media brands, such as Yahoo Sports and TechCrunch, among others.
Verizon has been making moves to get away from media brands in recent years. The company previously sold off its HuffPost division to BuzzFeed, while the company also sold Tumblr and is preparing to shut down Yahoo Answers on May 4.
It was discovered in 2019 that Verizon was quietly testing a game-streaming service to potentially compete with other similar services from Google, Amazon, Microsoft, Sony, Electronic Arts, and others. The status of this project at Verizon these days is unknown.
Posted:
Related Forum: Gaming Discussion
Source: https://www.gamespot.com/articles/verizon-sells-yahoo-aol-in-5-billion-deal/1100-6490916/
Related Articles
Comments
AnimePosted:
Sad to see Yahoo answers gone. But Verizon to make a gaming streaming service not sure that would go well.
Latest Downloads
- 01. The Lord of the Rings: Fellowship of the Ring - SaveGame (The Game done 100%)(0)
- 02. Hot Shot Burn Save(0)
- 03. [EU] Resident Evil Revelations Story 100%/Ultimate Weapons for Raid Mode(1)
- 04. [US] Unravel - Not so fragile after all Game Save [CUSA02685](0)
- 05. Repentant | Final Chapter Save(0)
- 06. Repentant | The Hold Up Save(0)
- 07. Pokemon Battle Revolution(0)
- 08. WWE'13 - Xbox 360 Game Save(0)
- 09. NHL 14 - Xbox 360 (PROFILE)(0)
- 10. NHL 14 - Xbox 360 (HOCKEY CARD)(0)
- 11. NHL 14 - Xbox 360 (BUILDYOURAISAVE)(0)
- 12. My Summer Car: SaveGame (Regular satsuma)(0)
- 13. Five Nights at Freddy's: JRs - SaveGame (The game done 100%)(1)
- 14. backrooms break save 100%(0)
- 15. GTA VC DE Starter save/set + Take the Cannoli(3)
Latest Tutorials
- 01. Last Days of Lazarus Achievement Walkthrough (Xbox/PS)(19)
- 02. EDENGATE: The Edge of Life - 100% Trophy/Achievement Guide(28)
- 03. Sherlock Holmes Chapter One | Walkthrough | No Commentary(43)
- 04. Morbid: The Seven Acolytes | Full Game Walkthrough(34)
- 05. Adam Wolfe | Full Game Walkthrough | No Commentary(38)
- 06. ALFRED HITCHCOCK: VERTIGO - 100% Walkthrough(22)
- 07. SHERLOCK HOLMES THE AWAKENED | Walkthrough | No Commentary(30)
- 08. Space Roguelike Adventure | Guide - Cheat Code!(35)
- 09. DETECTIVE Stella Porta Case | Trophy & Achievement Guide(28)
- 10. Tunic 100% Platinum Walkthrough | Trophy & Achievement Guide(41)
- 11. Outbreak: The Nightmare Chronicles Achievement Walkthrough(25)
- 12. Full Void 100% - Trophy & Achievement Guide(29)
- 13. Outbreak: Lost Hope #Xbox Achievement Walkthrough(29)
- 14. CHORUS - Full Game Walkthrough (Gameplay)(28)
- 15. Brothers A Tale of Two Sons Remake 100% Trophy & Achievement(41)
"Verizon Sells Yahoo, AOL In $5 Billion Deal" :: Login/Create an Account :: 1 comment