Yahoo, like AOL before it, joins the Verizon team for $5bn (\u00a33.8bn) after endless bidding. The sale does not include Yahoo’s prize stake in Chinese firm Alibaba.<\/p>\n
Microsoft offered $44bn for Yahoo in 2008.<\/p>\n
Chief executive of Yahoo, Marissa Mayer, said, \u201cYahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL.\u201d<\/p>\n
In an email to Yahoo staff Mayer wrote, \u201cI love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter.\u201d<\/p>\n
Verizon Chairman and CEO Lowell McAdam claimed that acquiring Yahoo would put Verizon in a highly competitive spot as a top global mobile media company and help accelerate their revenue stream in digital advertising.<\/p>\n
Verizon Communications Inc. is an American broadband telecommunications company and the largest wireless communication service in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yahoo, like AOL before it, joins the Verizon team for $5bn (\u00a33.8bn) after endless bidding. The sale does not include Yahoo’s prize stake in Chinese firm Alibaba. Microsoft offered $44bn for Yahoo in 2008. Chief executive of Yahoo, Marissa Mayer, said, \u201cYahoo is a company that has changed the world, and will continue to do […]<\/p>\n","protected":false},"author":19,"featured_media":16118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,112],"tags":[],"class_list":["post-16115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","category-top-stories"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/16115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=16115"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/16115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/16118"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=16115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=16115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=16115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}