Yahoo! Inc. (2017–present)
Yahoo! Inc. headquarters, 770 Broadway, New York City | |
| Formerly |
|
|---|---|
| Company type | Joint venture |
| Industry |
|
| Predecessors |
|
| Founded |
|
| Headquarters | New York City, New York, U.S. |
Area served | Worldwide |
Key people | Jim Lanzone (CEO) |
| Brands | |
| Services |
|
| Revenue | $7.4 billion (2020)[1] |
| Owners |
|
Number of employees | 10,350[2] (2019) |
| Subsidiaries | Flurry |
| ASN | |
| Website | yahooinc.com |
| Footnotes / references [3][4][5] | |
Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of the original Yahoo! Inc. and merged them with AOL in 2017.[6][7] The resulting subsidiary entity was briefly called Oath Inc.[4][8][9] In December 2018, Verizon announced it would write-down the combined value of its purchases of AOL and Yahoo! by $4.6 billion, roughly half;[10] the company was renamed Verizon Media the following month in January 2019.[11]
On May 3, 2021, Verizon announced that 90 percent of the division would be acquired by American private equity firm Apollo Global Management for roughly $5 billion, and would simply be known as Yahoo!; Verizon would retain a ten percent stake in the new group.[12][13] The acquisition was completed on September 1, 2021.[14]
- ^ "Yahoo | 2021 Fortune 500". Fortune. Archived from the original on April 12, 2022. Retrieved September 20, 2021.
- ^ Cite error: The named reference
Employeeeswas invoked but never defined (see the help page). - ^ Hackett, Robert (August 3, 2016). "Read What Yahoo Is Telling Employees About the Verizon Deal". Fortune.com. Archived from the original on June 20, 2017. Retrieved July 9, 2017.
- ^ a b Spangler, Todd (June 19, 2017). "Tim Armstrong Unveils Oath: AOL-Yahoo Combo Is as Big as Netflix and Looking to Expand". Variety. Archived from the original on September 12, 2017. Retrieved June 19, 2017.
- ^ Lomas, Natasha. "Latest round of Verizon layoffs at Oath affects <4% of staff globally". TechCrunch. Archived from the original on November 6, 2018. Retrieved February 19, 2018.
- ^ Lunden, Ingrid (June 23, 2015). "Verizon completes its acquisition of AOL for $4.4B". Tech Crunch. Archived from the original on July 20, 2017. Retrieved September 7, 2017.
- ^ Snider, Mike (June 23, 2015). "Verizon completes AOL acquisition, readies mobile video service". USA Today. Archived from the original on October 7, 2017. Retrieved September 7, 2017.
- ^ Goel, Vindu (June 13, 2017). "Verizon Completes $4.48 Billion Purchase of Yahoo, Ending an Era". The New York Times. ISSN 0362-4331. Archived from the original on December 10, 2017. Retrieved September 7, 2017.
- ^ Chokshi, Niraj; Goel, Vindu (April 3, 2017). "Verizon Announces New Name Brand for AOL and Yahoo: Oath". The New York Times. ISSN 0362-4331. Archived from the original on April 4, 2017. Retrieved April 4, 2017.
- ^ Cite error: The named reference
Writedownwas invoked but never defined (see the help page). - ^ "Oath is now Verizon Media". Oath. January 7, 2019. Archived from the original on January 10, 2019. Retrieved January 9, 2019.
- ^ "Verizon Media to be acquired by Apollo Funds". May 3, 2021. Archived from the original on July 9, 2021. Retrieved July 5, 2021.
- ^ Lee, Edmund; Hirsch, Lauren (May 2, 2021). "Verizon Near Deal to Sell Yahoo and AOL". The New York Times. ISSN 0362-4331. Archived from the original on May 2, 2021. Retrieved May 3, 2021.
- ^ "Yahoo is Yahoo once more after new owners complete acquisition". The Verge. September 2, 2021. Archived from the original on November 22, 2021. Retrieved September 2, 2021.