Yahoo The Billion Dollar Company Has Been Sold To Verizon
An unbelievable fact that shocked almost everyone. Yahoo being one of the leaders of internet, famous and well known throughout the world has been acquired by a giant firm, Verizon. It made a deal of up to 4 billion dollars in cash and sold the name instantly.
It’s not for the first time that Verizon is buying a star. Verizon also bought AOL and has planned to combine yahoo with AOL in future.
This sale doesn’t include Chinese stake of yahoo, Alibaba. The amount of deal is lower than the money offered by Microsoft in 2008 which was more than 40 billion dollars.
Verizon knows it very well that Yahoo’s earning is in negative figures but has acquired with the expectation of exploiting yahoo’s lots of visitors in making the platform a leading mobile media company.
Yahoo is not a name but a brand. And it’s a big question that whether the name of yahoo will exist or disappear. In 2000 yahoo’s worth was 125 billion dollars while in 2015 in got net loss of more than 4 billions.
In 2016 yahoo got an offer from Verizon for 4.8 billion dollars and deal got confirmed in 2017.