Yahoo back from the dead

Stefan Mileschin · 6th September 2021, 07:49

And worth less than ever before

Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply "Yahoo".

Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies generated in the good old days.

Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas.

"The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity. We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners", Gowrappan said.

https://fudzilla.com/news/53477-yaho...-from-the-dead

6th September 2021, 07:49	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Yahoo back from the dead And worth less than ever before Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply "Yahoo". Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies generated in the good old days. Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas. "The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity. We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners", Gowrappan said. https://fudzilla.com/news/53477-yaho...-from-the-dead

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Gateway comes back from the dead	Stefan Mileschin	WebNews	0	15th September 2020 13:19
iPhone 3GS comes back from the dead in South Korea	Stefan Mileschin	WebNews	0	17th June 2018 15:25
Blackberry is back from the dead	Stefan Mileschin	WebNews	0	5th January 2018 06:38
Google Glass is back from the dead	Stefan Mileschin	WebNews	0	21st July 2017 08:09
How 'NieR' was brought back from the dead	Stefan Mileschin	WebNews	0	16th February 2017 06:17
Nokia back from the dead	Stefan Mileschin	WebNews	0	19th April 2013 07:40
RIM might come back from the dead	Stefan Mileschin	WebNews	0	17th January 2013 07:23
ACTA back from the dead in Europe	Stefan Mileschin	WebNews	0	17th October 2012 07:51
Alibaba claws its company back from Yahoo	Stefan Mileschin	WebNews	0	22nd May 2012 08:36
BH-5 back from the dead!!!!	kristos	General Madness - System Building Advice	31	5th February 2005 13:15