John and gave us insight into mobile on squawk on the street. Take a listen. 75 of our gnb as well as 75 of the china Retail Market revenues come from mobile. So we have come a long way since two years ago when people were concerned about that issue but today we have just reported that our monetization of mobile users has exceeded the monetization. Alibaba shares up a little better than 5 . 4. 8 billion in revenue. 59 year on year we saw strong results and google putting its issues to rest. Have we reached a point just when it comes to Online Advertising and ecommerce where mobile is mainstream and investor concerns need to go away. This is the same transition that facebook made after the stock dropped and everybody thought their desktops were finished. Facebook figured it out. Stock is up a spectacular amount and mobile turned out to be a better revenue generator than the desktop so yes this transition is happening. Theres no question that this is where pretty much everything is going
Sometimes companies overwork employees, and other times employees overwork themselves, leading to mental and physical problems and family disintegration. Here s how to recognize the difference.
I've been in journalism a long, long time. Twenty four years, to be exact. I have a pretty clear sense of how the game works, how it's changing, and how it's played. So when I read the (very) recent dustup around Eric Schmidt's quote regarding Twitter, well, I decided.
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 Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo at much lower valuations than they commanded just a few years ago. Verizon bought AOL for $4.4 billion in 2015 and Yahoo two years later for $4.5 billion.
Verizon will get $4.25 billion in cash from the sale along with its 10% stake in the company. Verizon and Apollo said they expect the transaction to close in the second half of 2021.
There has been increasing evidence recently that Verizon wanted to sell off its media properties and instead focus on its wireless networks and other internet provider businesses. Last year, Verizon sold HuffPost to BuzzFeed. It also recently sold off or shut down other media properties like Tumblr and Yahoo Answers.
Verizon sells media businesses including Yahoo and AOL to Apollo for $5 billion
The sale signals that Verizon will focus on its internet-provider businesses as rivals continue to explore media.
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 Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo at much lower valuations than they commanded just a few years ago. Verizon bought AOL for $4.4 billion in 2015 and Yahoo two years later for $4.5 billion.