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May 05, 2021 20:18 IST
Verizon has been shedding media assets as it refocuses on wireless, spending billions on licensing the airwaves needed for the next generation of faster mobile service, called 5G
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Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo.
| Photo Credit: Reuters
Verizon has been shedding media assets as it refocuses on wireless, spending billions on licensing the airwaves needed for the next generation of faster mobile service, called 5G
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03 May 2021, 09:05 pm
Verizon forgoes its media arm, Yahoo and AOL to Apollo Global Management, the equity group that acquired the operation of Venetian Las Vegas. The early internet rockstars were sold at $5 billion, the company announced.
The equity firm now owns the 90 percent share of both brands, now collectively rebranded as Yahoo, sans the exclamation mark. Accordingly, Verizon will be able to keep what is left of the deal, a 10 percent stake of the renamed company.
(Photo : Wikimedia Commons) Verizon forgoes its media arm, Yahoo and AOL to Apollo Global Management
Despite these falling numbers, Yahoo and AOL still boast a good revenue stream in the first quarter of 2021 at $1.9 billion. It is a 10 percent increase from last year, as reported by The New York Times.
The Atlantic
Getty / The Atlantic
Yahoo Answers is not what most people would call a good source of information. On Monday morning, the top questions on its homepage, as decided by its users, included whether the Democratic Party would eventually initiate some kind of genocide, whether Prince Harry and Meghan Markle were really in love, why small dogs were “the most aggressive seeming,” and “What’s the last thing that entered your nose by mistake?”
Still, when Yahoo made the unceremonious announcement earlier this month that the site would be wiped from the face of the web on May 4, with little explanation beyond the fact that “it has become less popular,” there was a general outcry and a wave of nostalgia.
Yahoo Answers, a haven for the confused, is shutting down
7 Apr, 2021 09:54 PM
7 minutes to read
Yahoo will be shutting down the question-and-answer service and deleting its archives on May 4. Photo / 123RF
Yahoo will be shutting down the question-and-answer service and deleting its archives on May 4. Photo / 123RF
New York Times
By: Daniel Victor
People used Yahoo Answers to ask weird questions, seek help and make jokes. But the service offered real human reaction, for better or for worse, one longtime observer said. At times on Yahoo Answers, the people asking questions of strangers lunged for the hallucinatory limits of human curiosity: