UPDATED, 5:10 PM: It looks like Verizon has a deal to buy Yahoo. Bloomberg News reports that the communications giant is set to announce Monday that it will pay $4.8 billion for the beleaguered company’s core web business in a deal that includes some real estate. That figure is in … Read entire story.
Source: Deadline
The scramble to snatch up ailing tech giant Yahoo! may just have become a lot more interesting, as reports have surfaced today that the parent company of UK tabloid The Daily Mail is talking with several private equity firms about a possible bid. According to the Wall Street Journal, Daily … Read entire story.
Source: Deadline
Yahoo Screen saved Community, but it seems Community couldn’t save Yahoo Screen. Yahoo has confirmed it’s shutting down the streaming video platform, which launched two years ago to house both original and syndicated programming. The content that already exists will be folded into other sections (sorry, “digital… Read entire story.
Source: /Film
Yahoo’s going ahead with a spinoff, but of its core business, not — as it had planned– its holdings in Chinese e-retailer Alibaba. The strategy, known as a reverse spin, “will provide more transparency into the value of Yahoo’s business,” CEO Marissa Mayer says this morning. … Read entire story.
Source: Deadline
The possibility has been in the air for the past week that Yahoo might be considering selling its core business, and board of directors meetings last week were focusing on the prospects. If CNBC’s David Faber is right in a report he just broke, the Internet giant has made … Read entire story.
Source: Deadline