The transaction would boost Verizon's AOL internet business, which the company acquired a year ago for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and real estate.
USA telecoms giant Verizon Communications Inc. has agreed to purchase the core web assets of Yahoo!, for around $4.8bn.
Yet Verizon seems determined to be more than just a carrier, and its deal for Yahoo and last year's acquisition of another internet pioneer, AOL, showed those ambitions. But after a sale process that dragged on for months, Verizon, long viewed as the frontrunner, is walking away with Yahoo's more than one billion monthly active users.
For Yahoo and its CEO Marissa Mayer, the Verizon deal represents a disappointing denouement to a multi-year attempt to turn around Yahoo's internet business, which has been ailing for almost a decade.
"The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company and help accelerate our revenue stream in digital advertising", said Verizon's Chairman and chief executive, Lowell C. McAdam. With the growth of post-2000 social media giants Facebook and Twitter, Yahoo struggled to maintain its premier status online.
Mark Hamill talks Episode VIII at Star Wars Celebration
Director Rian Johnson will supposedly be filming for a little bit longer until the production finishes up on July 22. Like we said , nothing of note was revealed here, more just fun facts that fans may be happy to know about.
The sale does not include Yahoo's cash, its shares in Chinese e-commerce giantAlibaba Group Holding Ltd (BABA.N), shares in Yahoo Japan, Yahoo's convertible notes, certain minority investments or Yahoo's non-core patents.
Both were executives at Google for years and Armstrong tried unsuccessfully to convince Mayer to combine the two companies when they remained independent. Under its command, Yahoo will change its name and transition to become a publicly traded investment company. Verizon will add Yahoo to its portfolio of recently purchased media companies, including AOL. "We set out to create a stronger, more modern, version of Yahoo and that's very much happened", she said. Until then, Yahoo's operating business will continue to run independently.
Verizon said that pending approval from Yahoo's shareholders and regulators, it expects to complete the deal by the first quarter of next year. To an extent the rise of Google mirrored the decline of its older rival - from as early as 2000 searches of Yahoo's directory used Google's search engine, although Google only surpassed Yahoo in overall sales in 2005. She also said that she will be staying on at the company, though it is not clear what her role will be.
"For Verizon, the transaction makes the company much more important to the digital advertising industry", Pivotal Research analyst Brian Wieser said, estimating the combined company's gross ad revenue could be worth as much as $9 billion.
The Hawaii Fire Department confirmed a downed tree in Pahoa triggered a power outage in the area, KHON2 also reports . Surf could be up to 12 feet high on the east side of Maui and be powerful on the other islands, too.
To which Khloe Kardashian responded with a tweet that involves a girl mistaken to be Chloe Grace Moretz and her exposed privates. Actor Ruby Rose tweeted: "Yo Khloe I thought you were rad when I met you but this is very bad and this is a 19 year old girl".
The surprise move comes less than a week after Johnson pulled out of the race to succeed David Cameron as Conservative leader. Theresa May stunned Westminster tonight by sacking George Osborne and making Boris Johnson her new Foreign Secretary.
It seems like the First Lady has some mad rapping skills, and can hold her own with Missy Elliot , and Corden. Michelle explained that she's rarely ridden in the passenger seat since her husband became president.
Sonic Unleashed in 2008, which mixed 2D platforming with odd "Werehog" 3D levels, also failed to reverse Sega's ailing fortunes. The game is co-developed by Sega of America, PagodaWest Games , and developers Christian Whitehead and Simon Thomley.
Investigators said evidence shows the cop shot at the fleeing vehicle without knowing if the suspect he was chasing was inside. Upon arrival, Burns attempted to block the path of a the vehicle driven by Rogers that was leaving the scene.
Griezmann, 25, is the tournament's top scorer bidding to deliver success for the home nation in his first major global final. After all, they learnt a lesson 12 years ago: the unfancied team can prevail against the hosts in the final.
Stenson and Mickelson were never separated by more than two shots over 40 consecutive holes until the Swede's final birdie. Mickelson made a brilliant up-and-down after missing the green with his approach, almost holing out a chip over a bunker.
The Covered California rate announcement surprised some experts who have tracked the state's implementation of the health law. Covered California's proposed budget for 2017, released in May, projected average rate increases of 8 percent.
The court also said "there was no evidence that China had historically exercised exclusive control" over the resources and waters. He hopes that other countries will not take the opportunity to threaten China. "We do not recognise or implement the award.
But many have suggested that Miko's presence was something that the Dolphins were utterly sick of and wanted no more part of. That arrest led to Grimes losing her show on WQAM and giving both her husband and the Dolphins organization a bad publicity.
He said that the company's main aim is to connect the world and help more of the 4 billion people access the fast internet. Aquila has a wingspan wider than a Boeing 737, but has to weigh as little as possible to stay up for as long as possible.
United's then-CEO, Jeff Smisek, and two other executives left the airline a year ago after United conducted its own investigation. The "Chairman's Flight" came to light in the federal investigation of the George Washington Bridge closures known as BridgeGate.
E! Online quoted Kylie Jenner as saying that quite bored with plastic surgery rumors now and that she wants them to stop. But the heart of her truth is this: she just wants to be alone on a farm somewhere raising chickens by the time she's 30.
Confirming the news, NADA Director General Navin Agarwal said Yadav appeared before a NADA disciplinary panel on Saturday. The report of his "A" sample test came out positive. "I believe that there is foul play involved in this entire episode".
Our deepest condolences go out to the Foltz family and all of his friends as they deal with this hard and tragic time. Dan Tracy with Kohl's Kicking said both Sadler and Foltz had been coaching at a weekend clinic in Wisconsin.
Mari Gilbert's other daughter, Shannan Gilbert, vanished in May 2010 after fleeing the home of a client in Oak Beach, New York. The remains were found strewn along several miles of thicket adjacent to Ocean Parkway, just east of Jones Beach.
Delegate Hope Sutterfield of Duncan says Cruz should not have attended the convention at all if he didn't intend to endorse Trump. Cruz may not have directly responded to Trump or the Enquirer back in spring, a move that the Donald somehow finds suspicious.
Watt has yet to record a sack in three career regular season games against the Patriots, recording 12 total tackles. Even amid that turmoil, Watt won his third defensive player of the year award for his 17.5-sack 2015 season.
I want to say thank you to them, along with all the fans for their support and encouragement, today and over the past 16 stages". He wore the race leader's yellow jersey for the first time after winning the opening stage at Utah Beach, Normandy.
Those detained are accused of seeking to violate the Turkish constitution and attempting to overthrow the authorities by force. Gulen, who lives in Saylorsburg, Pennsylvania, espouses a philosophy that blends a mystical form of Islam with democracy.
To understand why Trump is so peeved, "when Donald Trump told Republicans that his campaign had money, it was a lie". Political strategists say Trump and Clinton might be the least likeable front runners in recent modern history.
But for us there is a clear link between the steel overcapacity of China and the market economy status for China". The EU accuses China of dumping cheap steel on European markets, accusations denied by China.