verizon taking over yahoo
TRANSCRIPT
![Page 1: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/1.jpg)
![Page 2: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/2.jpg)
It is a broadband telecommunications company and the largest U.S. wireless communications service provider.
The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon .
The company is based in Midtown Manhattan, New York City.
It was founded as Bell Atlantic, which was one of the seven Baby Bells.
VERIZON COMMUNICATIONS INC.
![Page 3: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/3.jpg)
Number of employees:- 177,900 Revenue: 131.6 billion USD (2015) Net income: 17.87 billion USD (2015) Total assets: 244.6 billion USD (2015) Subsidiaries: Verizon Wireless, AOL, Verizon
Fios , etc.
FACTS AND FIGURES
![Page 4: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/4.jpg)
DATE ACQUIRED AMOUNT12-Sep-16 Sensity Systems Unknown
1-Aug-16 FleetMatics $2.4B in Cash
25-Jul-16 Yahoo! $4.83B in Cash
21-Jun-16 Telogis Unknown
18-Apr-16 Complex Unknown
16-Mar-16 Volicon Unknown
22-Feb-16 XO Communications $1.8B (terms undisclosed)
12-May-15 AOL $4.4B in Cash & Stock
LATEST ACQUISITIONS
![Page 5: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/5.jpg)
It is an American multinational technology company headquartered in Sunnyvale, California.
FOUND by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995.
Marissa Mayer, a former Google executive, serves as CEO and President of the company.
It is known for its Web portal, search engine Yahoo! Search, and related services.
Yahoo! is the highest-read news and media website, with over 7 billion views per month, being the fourth most visited website globally, as of June 2015.
YAHOO
![Page 6: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/6.jpg)
On July 25, 2016 Verizon Communications announced its intent to acquire Yahoo's internet business for US$4.8 billion.
![Page 7: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/7.jpg)
![Page 8: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/8.jpg)
Why verizon taking over yahoo is sad deal? In 2001, Yahoo could have bought Google
for $3 billion. In 2006, it offered Facebook $1 billion and didn't up the offer when it was knocked back.
Today, Google is worth a reported $498 billion. Facebook about $350 billion.
Those misses, and a failure to adapt to new technology as the internet evolved are largely behind Yahoo's fall from the top.
![Page 9: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/9.jpg)
Pretty much everything Yahoo owns, except: Yahoo's stake in Chinese e-commerce giant
Alibaba A 35 per cent stake in Yahoo Japan
So, what did Verizon buy?
![Page 10: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/10.jpg)
A billion users is nothing to sneeze at.
Tumblr and Flickr have small but passionate user bases.
But it's clear Verizon, a telecommunications giant in the US, had made the purchase to help grow its digital advertising revenues.
Is Verizon building an internet museum? Why buy Yahoo?
![Page 11: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/11.jpg)
Yahoo CEO Marissa Mayer: This transaction also sets up a great opportunity for Yahoo to
build further distribution and accelerate our work in mobile, video, native advertising and social.
Verizon Chairman and CEO Lowell McAdam: The acquisition of Yahoo will put Verizon in a highly competitive
position as a top global mobile media company, and help accelerate our revenue stream in digital advertising
AOL CEO Tim Armstrong: Combining Verizon, AOL and Yahoo will create a new powerful
competitive rival in mobile media, and an open, scaled alternative offering for advertisers and publishers
Here's what the key players had to say:
![Page 12: Verizon taking over yahoo](https://reader036.vdocument.in/reader036/viewer/2022082721/58cfd6791a28ab13238b4eff/html5/thumbnails/12.jpg)