As of my last knowledge update in January 2022, I don't have specific details on the latest developments related to the Verizon Yahoo deal. However, I can provide some context based on information available up to that point.
Verizon acquired Yahoo's core internet business in 2017 for approximately $4.48 billion. The deal included Yahoo's web assets, email services, and various online properties. Verizon's acquisition aimed to strengthen its position in the digital advertising and media space.
Here's a brief overview of key points related to the Verizon Yahoo deal:
Verizon's Acquisition:
Acquisition Motivation: Verizon's interest in acquiring Yahoo was driven by a desire to expand its digital media and advertising presence. The acquisition aimed to combine Yahoo's online assets with Verizon's existing digital and mobile services.
Integration Challenges: The integration of Yahoo into Verizon faced challenges, including issues related to data breaches that had affected Yahoo prior to the acquisition. Verizon renegotiated the deal price downward after the disclosure of significant data breaches at Yahoo.
Subsequent Developments:
Formation of Oath Inc.: After the acquisition, Verizon merged Yahoo with AOL to form a new entity named Oath Inc. The goal was to create a digital media company with a diverse portfolio of brands.
Rebranding Challenges: The Oath brand faced challenges, and Verizon eventually announced the rebranding of Oath as Verizon Media Group in 2019.
Sale of Yahoo and AOL: In 2019, Verizon sold the blogging site Tumblr (acquired as part of the Yahoo deal) to Automattic, the parent company of WordPress.com. In 2020, Verizon sold AOL to the private equity firm Apollo Global Management.
Focus on 5G and Connectivity: Verizon has shifted its strategic focus toward 5G technology and enhancing its connectivity services.
Looking Forward:
Verizon's strategy may continue to evolve based on industry trends, technological advancements, and market demands. It's advisable to check the latest news sources or official statements from Verizon for the most recent updates on its business strategies and dealings related to the former Yahoo assets.
Please note that developments after January 2022 won't be reflected in this response.
