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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 its predecessor and merged them with AOL in 2017.
Yahoo (/ ˈ j ɑː h uː / ⓘ, styled yahoo! in its logo) [4] [5] is an American web services provider. It is headquartered in Sunnyvale, California , and operated by the namesake company Yahoo! Inc. , which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon .
Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
Verizon ended up buying Yahoo in 2017 for $4.5 billion. In 2019, Verizon sold Tumblr to Automattic, the company that owns and operates online-publishing platform WordPress, for a reported $3 ...
Verizon will keep a 10 percent stake in the company and it will be rebranded to just “Yahoo.” Verizon bought AOL in 2015 for $4.4 billion in 2015, and it bought Yahoo for $4.5 billion in 2017.
James Lanzone (born January 20, 1971) is an American businessman and the CEO of Yahoo Inc. Previously, he was CEO of Tinder.He is also the former president and CEO of CBS Interactive, a top 10 Internet property that operated key websites including CBS All Access, CNET, GameSpot, CBS News, Metacritic, CBS Sports, 247 Sports, Scout Media, MaxPreps.com, TVGuide.com, Last.fm and many others.
Yahoo! formally rejected an acquisition bid from the Microsoft Corporation in 2008. [9] In early 2012, Yahoo laid off 2,000 employees (14 percent of the workforce). This was the largest layoff in Yahoo!'s history. [10]
A complete transition of all Yahoo! sponsored ad clients to Microsoft adCenter (now Bing Ads) occurred in October 2010. [2] Yahoo! Search page in 2011. On March 12, 2014, Yahoo! announced a partnership with Yelp to integrate its reviews and user-contributed photos into Yahoo! Search (as Bing had previously done). [10]