From the hoods, Finally, Yahoo has found buyer in the image of Verizon. United State’s largest telecom operator, Verizon has acquired Yahoo for $4.83 Billion. In this groundbreaking news, Verizon and Yahoo both has declined to comment on the acquisition.
Yahoo was founded in 1994 and in 2000 its valuation was at $125bn and in 2002 even Google rejected a $3bn bid from Yahoo. Well, better than this, In 2008 Microsoft offered $44.6bn but Yahoo is turned down. Now in 2016 Verizon agrees $4.8bn deal to buy Yahoo.
Yahoo will be combined with AOL. The deal does not include Yahoo’s valuable stake in Chinese firm Alibaba.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
Verizon said the deal for Yahoo’s core internet business, which has more than a billion active users a month, would make it a global mobile media company.
The stakes Yahoo has in Yahoo Japan and Chinese company Alibaba are not included, which will remain with a re-formed, renamed Yahoo once the sale closes, and will live on as a publicly traded investment company. The deal is expected to complete by early 2017. There will be some regulators NOC”s and agreements to be completed. So we can expect full acquisition by mid 2017.
Until the full acquisition doesn’t takes place, Yahoo will work independently.
Share your views on this acquisition via comments below. We don’t think there’s no comeback for Yahoo, there are many things that Yahoo can do better than any other Internet based company. What do you think, how do you justify this acquisition ?
