Verizon continues quest to correct content car crash
The Verizon mission to conquer the content world has been anything but a smooth ride to date, and now it is reportedly searching for a buyer for Tumblr.
The Verizon mission to conquer the content world has been anything but a smooth ride to date, and now it is reportedly searching for a buyer for Tumblr.
To say Verizon’s efforts to capitalise on the digital advertising revenues have been troubled would be an early contender for understatement of the year.
Less than two years after coming up with the name ‘Oath’ to encompass all its media properties, Verizon has sensibly concluded it’s a rubbish name.
Verizon published Q3 results, beating market estimates on earnings and subscriber adds
The Amazon-owned game streaming platform Twitch confirmed on Friday that it became inaccessible from China, the latest of a string of popular services banned from the world’s largest internet market.
Softbank and Yahoo Japan have announced the formation of a new joint venture, PayPay, to launch a QR-based smartphone payment services in Japan by November.
US telco Verizon has announced a new deal with the NFL – i.e. American Football league – to distribute games across its digital media network.
Having finally completed its acquisition Verizon has been able to do a proper job of investigating the extent of the Yahoo data breach and the results are not good.
The dust hasn’t even settled after the end of the Verizon/Yahoo saga, and one of the brands popular services, News Digest, is being axed.
Verizon execs should be pleased with the discount it seemingly bullied out of Yahoo in recent months, as the company will take a $500 million pre-tax charge relating severance, acquisition and integration costs.
The Yahoo shareholders approved it, and presumably the Verizon lawyers okayed it; the US telco finally has control of the former internet giant for a discounted $4.5 billion.
Verizon has taken a step away from the Yahoo security saga of the last year, after renaming its newly formed AOL-Yahoo media business Oath.
It looks like Yahoo got the better of negotiations with Verizon following the revelation of a number of major data breaches after the initial take-over bid.
Yahoo’s ever so slight economy with the truth has come back to bite it in the arse – with Verizon confirming it will be shaving $350 million off the cost of the fallen internet golden boy.
The longest running will-they-won’t-they saga since the high-voltage Fred-Daphne cliff-hanger in Scooby-Doo is almost at a conclusion, with Verizon likely securing a discount on its Yahoo acquisition.
Verizon has reported declining revenues for the third consecutive quarter, but is remaining quiet on the future of its acquisition of Yahoo.
Yahoo is reportedly being investigated by the Securities and Exchange Commission (SEC) to decide whether the team was quick enough in disclosing the hacking scandal to investors.
After Yahoo has announced more than one billion user accounts were effected in its 2013 data breach leaving one glaring question; how much can Verizon take before it snaps?
Nostalgia-driven M&A appears to be the name of the game among the big US operators, with AT&T reportedly considering acquiring Time Warner.
It’s Friday and Verizon is breaking out its dancing shoes as it appears to be warming up for a moonwalk away from the Yahoo deal.
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