Tumblr founder and chief David Karp on Monday announced he is leaving the nearly 11-year-old blogging platform — with his departure coming in the wake of Verizon buying parent-company Yahoo. Karp said that he will leave by the end of this year and chief operating officer Jeff D’Onofrio will take his place at the helm […]
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Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Tuesday’s closure of the sale ends Yahoo’s 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo […]
Read More Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company’s pending deal with Verizon Communications Inc. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Verizon agreed to buy […]
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Authorities in the U.S. may now be in a better position to figure out if Russian hackers and Russian spies swayed last year’s presidential elections. A scheme uncovered during a federal investigation into a huge Yahoo security breach may have opened a window into other hacks potentially instigated by foreign governments, according to computer security […]
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Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed. The internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head […]
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Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc’s core assets following two massive cyber attacks at the internet company, according to a Yahoo filing. The closing of the deal, which Verizon first announced in July for a purchase price of $4.83 billion, had been delayed as the […]
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Verizon Communications Inc said on Tuesday it would buy Yahoo Inc’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. The closing of the deal, which was first announced in July, had been delayed as the companies assessed the fallout […]
Read More Yahoo’s quarterly profits shot up by more than double to $163 million even as it prepares for a takeover by Verizon. The faded internet pioneer skipped its usual quarterly earnings call with analysts due to the pending takeover by the US telecommunication company, for which chief executive Marissa Mayer said Yahoo is busy preparing despite […]
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Verizon said Thursday the massive breach affecting 500 million Yahoo customers could have a “material” effect on the $4.8 billion deal to acquire key assets of the Internet group. The comments from Verizon general counsel Craig Silliman suggest the US telecom giant could seek to reduce the purchase price or walk away from the deal. […]
Read More Yahoo Inc disabled automatic email forwarding at the beginning of the month, the Associated Press reported, citing several users. While those who have set up forwarding in the past are unaffected, users who would want to leave following recent hacking and surveillance revelations are struggling to shift to rival services, the AP reported on Monday. […]
Read More Yahoo Inc last year secretly built a custom software program to search all of its customers’ incoming emails for specific information provided by U.S. intelligence officials, according to people familiar with the matter. The company complied with a classified U.S. government demand, scanning hundreds of millions of Yahoo Mail accounts at the behest of the […]
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Yahoo on Tuesday unveiled its latest mobile news application, using both algorithms and user choices to deliver the most relevant updates with a social twist. Yahoo Newsroom, tailored for mobile devices powered by Android or Apple operating systems, is Yahoo’s latest move to counter Facebook and other internet giants as a key place for news […]
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