Verizon to buy struggling Yahoo for $4.83 billion
Verizon on Monday announced a deal to buy the search engine pioneer Yahoo for $4.8 billion, granting Verizon over one billion total monthly search users in conjunction with another large internet advertising network that it will be adding to the AOL network.
![](http://photos.appleinsidercdn.com/gallery/17664-15376-119772190-l.jpg)
Combined, the companies will hold 25 media and advertising brands, and will have an email service with 225 million monthly active users.
Both companies are Apple partners: Verizon is one of the largest iPhone carriers in the world, while Yahoo is a default search engine on Apple products and its data is still used in the iPhone's native Stocks app. The iOS Weather app was also provided by Yahoo up until the release of iOS 8.
The sale comes at the end of a year of speculation, and preparations for a possible sale for Yahoo. In March, Yahoo laid off 1000 and closed offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan to consolidate costs, and prepare for a sale or split of the company.
The sale is not for the entirety of Yahoo, and does not include Yahoo's cash, shares in Alibaba Group Holdings, shares in Yahoo Japan, other investments, and Yahoo's patent portfolio not related to search and advertising. The assets not transferred to Verizon will continue to be held by Yahoo, which will change its name at closing and transition into becoming an investment company.
The deal supplements the AOL purchase in May 2015, and further extends Verizon's already large advertising network. The AOL deal also delivered a number of major news websites to Verizon, including Engadget, the Huffington Post, and TechCrunch, along with a larger "multiple screen" media strategy. The AOL purchase was also responsible for the closure of Apple enthusiast site TUAW.
The deal is subject to traditional closing restrictions, including regulatory approvals, and Yahoo shareholder approval. Verizon expects the deal to finalize in the first quarter of 2017.
![](http://photos.appleinsidercdn.com/gallery/17664-15376-119772190-l.jpg)
Combined, the companies will hold 25 media and advertising brands, and will have an email service with 225 million monthly active users.
Both companies are Apple partners: Verizon is one of the largest iPhone carriers in the world, while Yahoo is a default search engine on Apple products and its data is still used in the iPhone's native Stocks app. The iOS Weather app was also provided by Yahoo up until the release of iOS 8.
The sale comes at the end of a year of speculation, and preparations for a possible sale for Yahoo. In March, Yahoo laid off 1000 and closed offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan to consolidate costs, and prepare for a sale or split of the company.
The sale is not for the entirety of Yahoo, and does not include Yahoo's cash, shares in Alibaba Group Holdings, shares in Yahoo Japan, other investments, and Yahoo's patent portfolio not related to search and advertising. The assets not transferred to Verizon will continue to be held by Yahoo, which will change its name at closing and transition into becoming an investment company.
The deal supplements the AOL purchase in May 2015, and further extends Verizon's already large advertising network. The AOL deal also delivered a number of major news websites to Verizon, including Engadget, the Huffington Post, and TechCrunch, along with a larger "multiple screen" media strategy. The AOL purchase was also responsible for the closure of Apple enthusiast site TUAW.
The deal is subject to traditional closing restrictions, including regulatory approvals, and Yahoo shareholder approval. Verizon expects the deal to finalize in the first quarter of 2017.
Comments
I have used Yahoo! as my home page for years. I like the layout even though it's been through some interesting changes over the years. I get my appleinsider headlines via Yahoo!. I'm not looking forward to what Verizon might do to Yahoo! and my favorite homepage. I'm 59 and change is difficult for this old guy on such things. I always look forward to OS and productivity app upgrades but when I start my browser I want my Yahoo!
can not agree more. I do not have anything against woman running a business I know lots of very successful women who run their own business. However, if you are not into Geek you should not be running a technology company and Most women are not into geek that much if they are they not business minded. It hard enough to find a Business minded guy who is also Geek let along a woman.
That may be the plan and can return a ton of revenue to both companies.
um, probably looking for new jobs while their totally ineffective CEO is searching for an even larger vault to store the obscene stash. But most of us would mop up the spoils of that kind of deal if it was offered to us. The BOD must be smoking something that permanently alters reality.
What I'm more bothered by is the continued consolidation. It has to stop.
the US government should step in. It probably won't. But it should. It should have never allowed this. Clinton's husband is to blame for this specific nonsense.