Verizon Finalizes $4.8 Billion Yahoo Deal

[digitaldew]

From The Wall Street Journal:

"Verizon Communications Inc. has agreed to pay $4.8 billion to acquire Yahoo Inc., according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company.

The price tag, which includes Yahoo’s core internet business and real estate, is a remarkable fall for the Silicon Valley web pioneer that once had a market capitalization of more than $125 billion at the height of the dot-com boom.

For Verizon, the deal simply adds another piece to the digital media and advertising business it is trying to build.

The deal is expected to be announced early Monday. The price was earlier reported by Bloomberg News."

http://www.wsj.com/articles/verizon-finalizes-4-8-billion-yahoo-deal-1469380974

 

[mark2022]

@digitaldew Verizon better not fuck up Yahoo Fantasy sports.

I can see it now: Data Caps: only 1 player transaction allowed per season.

 

[yhudithagios]

@mark2022 Yahoo has a lot of duds but their Fantasy Football is such a great product.

 

[muskieman]

@yhudithagios you can thank /@nyguy86 for that!

 

[danielletee]

@yhudithagios Not any more. The new UI/UX is god awful. Looks like ESPNs ugly brother.

 

[b_james]

@mark2022 It likely will end up like their go90 campaign where you can use as much data as you want on the yahoo system.

 

[endspiel]

@mark2022 Nor Yahoo Finance.

 

[resjudicata]

@mark2022 The last app update already did.

 

[kingsmen]

@resjudicata Dude why would I want to look at a white screen? Awful move.

 

[kimmyo]

@digitaldew So now AOL, MSN, and Yahoo! will all be repped by the same ad sales org. Such a valuable, young audience...

 

[john446]

@kimmyo Msn was Microsoft owned site. When did that site/ads on that site move to Verizon?

 

[kimmyo]

@john446 AOL sells for all of Microsofts online properties as of a deal that happened a year ago. Microsoft still owns MSN, Outlook, XBox, etc, but no longer has an ads team. It's a rev share deal with AOL.

Microsoft has prioritized search internally. They recently ramped up their Bing sales team, taking strategic sales back in house, incidentally from Yahoo!, who was acting as their Bing sales reps for about 5 years.

(Former Microsoft employee here)

 

[notaprov31woman]

@john446 They all use bing as a backend but as far as I know the ads are different for yahoo's stuff vs the microsoft sites.

 

[kimmyo]

@notaprov31woman Bing is different from display

 

[johnnyboylane]

@digitaldew Broadcast.com was an Internet radio company founded as AudioNet in September 1995 by Christopher Jaeb. Todd Wagner and Mark Cuban later led the organization and eventually sold to Yahoo! on April 1, 1999 for $5.7 billion

 

[militantagnostic101]

@johnnyboylane Do you know what ROI stands for? Radio On Internet.

 

[slasher1113]

@johnnyboylane On a per-user basis this is the most expensive tech acquisition of all time.

Yahoo paid over $10,000 per Broadcast.com user.

 

[emma96]

@digitaldew Any one have a rough calculation of the fair value of shell Yahoo post core sale? I remember reading the Bloomberg article but those numbers are stale.

 

[resjudicata]

@emma96 It's low to mid 40s if I recall correctly.

 

[justine108]

@emma96 https://www.bloomberg.com/view/arti...is-looking-for-a-new-way-around-alibaba-taxes