Yahoo And Verizon Deal

Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion (roughly Rs. 36,930 crores).

Flickr will continue to operate as a separate entity after the deal closes, SmugMug said.

Marissa Mayer will walk away from Yahoo with a compensation package currently worth about $125 million.

AOL and Yahoo will cut 15 percent of the 14,000 workers they now employ, or about 2,100 jobs, said a person familiar with the matter.

"As we enter our final quarter as an independent company, we are committed to finishing strong and planning for the best possible integration with Verizon," Mayer said.

The deal with Verizon was expected to close by July, and will end Yahoo's run of more than 20 years as an independent company.

Yahoo chief executive Marissa Mayer lost an annual bonus and the company counsel his job after an investigation showed the company mishandled an epic hack, the tech firm said on Wednesday.

Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price.

Xiaomi Redmi Note 4 India launch, Samsung Gear S3 models launched, MumbaiWiFi launched, and a whole lot more.

Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion.

Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.

Yahoo will adopt a new corporate identity and cut the size of its board in half if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.

Yahoo came under renewed scrutiny by federal investigators and lawmakers last month after disclosing the largest known data breach in history.

"I can't sit here today and say with confidence one way or another because we still don't know," Marni Walden, president of product innovation and new businesses, said at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas.

The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men.

Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion (roughly Rs. 36,930 crores).

Flickr will continue to operate as a separate entity after the deal closes, SmugMug said.

Marissa Mayer will walk away from Yahoo with a compensation package currently worth about $125 million.

AOL and Yahoo will cut 15 percent of the 14,000 workers they now employ, or about 2,100 jobs, said a person familiar with the matter.

"As we enter our final quarter as an independent company, we are committed to finishing strong and planning for the best possible integration with Verizon," Mayer said.

The deal with Verizon was expected to close by July, and will end Yahoo's run of more than 20 years as an independent company.

Yahoo chief executive Marissa Mayer lost an annual bonus and the company counsel his job after an investigation showed the company mishandled an epic hack, the tech firm said on Wednesday.

Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price.

Xiaomi Redmi Note 4 India launch, Samsung Gear S3 models launched, MumbaiWiFi launched, and a whole lot more.

Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion.

Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.

Yahoo will adopt a new corporate identity and cut the size of its board in half if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.

Yahoo came under renewed scrutiny by federal investigators and lawmakers last month after disclosing the largest known data breach in history.

"I can't sit here today and say with confidence one way or another because we still don't know," Marni Walden, president of product innovation and new businesses, said at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas.

The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men.